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FTSE 100 movers: Whitbread rallies; Ashtead slumps after results
London’s FTSE 100 was up 0. 6% at 8,192. 18 in afternoon trade on Tuesday.
Hargreaves willing to recommend new takeover offer from CVC consortium
Hargreaves Lansdown said on Tuesday that it would be willing to recommend a firm takeover approach at 1,140p a share from a consortium led by CVC Capital Partners and has therefore requested an extension to the ‘put up or shup up’ deadline.
Hargreaves Lansdown to seek bid extension - report
Hargreaves Lansdown is reportedly set to extend talks with a consortium of private investors who have proposed buying the company in a deal worth about £5bn.
French equities now ‘most unloved’ in Europe - BofA survey
France has turned into investors’ most unloved European equity market after President Macron called a snap election, having been the most preferred last month, according to the latest European Fund Manager Survey from Bank of America.
Boston Scientific to buy Silk Road Medical in $1.26bn deal
Medical device company Silk Road Medical surged in pre-market trade on Tuesday after saying it had agreed to be bought by Boston Scientific in a $1. 26bn deal.
Advanced Energy abandons pursuit of XP Power
Denver-based Advanced Energy Industries said on Tuesday that it does not plan to make a takeover offer for XP Power as it has not been able to access the due diligence necessary.
London midday: Stocks maintain gains as Whitbread rallies
London stocks were still in the black by midday on Tuesday, with Whitbread surging ahead after well-received first-quarter results.
German business sentiment improves less than expected - ZEW
German business sentiment improved less than expected in June, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Shell to buy Singaporean LNG firm Pavilion Energy from Temasek
Shell said on Tuesday that it has agreed to buy Singaporean liquefied natural gas (LNG) firm Pavilion Energy from investment company Temasek for an undisclosed sum.
London open: Stocks gain after US highs; Whitbread jumps
London stocks rose in early trade on Tuesday following a solid close on Wall Street, which saw the S&P 500 and Nasdaq set new record highs.
Telecom Plus full-year profits beat expectations
Telecom Plus posted better-than-expected full-year pre-tax profit on Tuesday as customer and service numbers continued to grow.
London pre-open: Stocks seen up after US gains
London stocks were set to rise at the open on Tuesday following a solid close on Wall Street, which saw the S&P 500 and Nasdaq set new record highs.
Tuesday newspaper round-up: Investment in the UK, London productivity, EPC
Investment in the UK has trailed other G7 countries including the US and Germany since the mid-1990s, according to a report that urges Labour and the Conservatives to reverse planned cuts to investment or risk long-term damage to economic growth. The Institute for Public Policy Research (IPPR) thinktank found the UK was bottom of the G7 league for investment in 24 out of the last 30 years, using figures from the Organisation for Economic Co-operation and Development (OECD).