Divestment speculation gave a Friday boost to London Stock Exchange Group. The exchange operator rose after rival Euronext confirmed plans to submit an offer to buy Borsa Italiana, the Italian stock exchange, for an expected value of €3.5bn (£3.2bn) to €4bn. Euronext said further details would be announced when appropriate. …
Read More »Brexit tensions weigh on Europe, tech stocks slide
* UK ramps up no-deal preparations as EU trade talks stall * German exports rise in July but remain below pre-crisis levels * Technology leads sectoral declines, defensives rise * French electricity giant EDF sinks as output falls Sept 8 (Reuters) – European shares fell on Tuesday on fears that …
Read More »Director dealings: AO World CFO sells shares
AO World revealed on Tuesday that chief financial officer Mark Higgins had disposed of 146,411 ordinary shares in the FTSE 250-listed retailer. Higgins, who exercised nil cost options over a total of 309,537 ordinary shares on Monday, sold the shares at an average price of 195.0p each, for a total …
Read More »Market report: Oil giants hold blue-chip index steady
Hot on its heels was BT, which jumped 8.1p to 106.1p after Berenberg raised its outlook for the group’s shares. In a note to clients, analyst Carl Murdock-Smith wrote that sentiment about the telecoms group was “on its knees”, but added “its significant under-performance and scope for improved sentiment over …
Read More »Cost of job support schemes passes £40bn – live updates
'Czech Spinx' raises Royal Mail stake further. Daniel Kretinsky, the billionaire known as the Czech Sphinx, has upped his stake in Royal Mail again, … Source link
Read More »Wake up early on Tuesday – BP’s divi decision could be the death knell for income investors
July has been the second bad month in a row for investors with the FTSE 100 index trading at lows not seen since late-May. But there were some significant winners last week for the Telegraph’s Fantasy Fund Managers. Pets at Home saw a share price increase of around 25pc and insurer …
Read More »Ideas Farm: The activists are back
The Covid-19 pandemic saw a temporary ceasefire from activist investors as they stepped back and allowed businesses to adjust to the acute turmoil. But now that the dust has somewhat settled, activists are once again setting their sights on companies they believe are undervalued or mismanaged – two qualities that …
Read More »Market report: 'Czech sphinx' increases his lion's share in Royal Mail
… have raised speculation that he may soon begin actively trying to influence the group's future direction. Royal Mail shares rose 2p to 184p on Friday. Source link
Read More »EU at 'moment of truth' as leaders begin crunch bailout talks – live updates
The energy tycoon also praised Royal Mail's “tradition, history and importance of the public service it provides”. The appearance of his fund, Vesa Equity … Source link
Read More »Director dealings: Boohoo executives buy shares amid controversy
Online retailer Boohoo revealed on Thursday that multiple directors had upped their stake in the AIM-listed group that same day. Chairman Mahmud Kamani snapped up 5.0m ordinary shares in the firm at an average price of 214.28p each for a total of £10.7m, while co-founder Carol Kane purchased 2.0m ordinary …
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