Micro Focus shares hit the roof with a 92.7% surge to 516.3p in late morning trading on Friday, after the company accepted an acquisition offer from information management solutions group OpenText for approximately $6 billion. Micro Focus is one of the largest global software companies, and had a $2.7 billion pro forma trailing revenue for […]

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JTC shares dipped 0.2% to 759p in early morning trading on Friday, after the fund management services firm announced its proposed acquisition of New York Private Trust Company. According to JTC, the acquisition will support the its strategy to expand its presence in the US market, and to develop a US domestic trust services branch. […]

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The UK government blocked the acquisition of UK group Pulsic by Hong Kong company Super Orange HK on national security concerns on Wednesday. The announcement was made by the Secretary of State for Business, Energy and Industrial Strategy, who prevented the merger under section 26 of the National Security Investment Act 2021. According to the […]

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Uniphar shares declined 2.3% to 310p in late afternoon trading on Tuesday after the group confirmed an EBITDA and gross profit performance in line with management expectations in its HY1 trading update. The healthcare services company reported a gross profit rise of 5%, driven by organic growth across each sector and outperformance in its Supply […]

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JTC shares increased 4.7% to 744p in late morning trading on Friday after the professional services group announced an 8% to 10% revenue growth in HY1 2022, in line with management guidance. The company highlighted an underlying EBITDA margin of 33% to 38%, with margin progression compared to HY1 2021 as JTC mitigated the impact […]

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Euromoney shares rose 9.1% to 1,450.6p in late morning trading on Monday following a 52% growth in Q3 revenue to £119.7 million year-on-year, exceeding management expectations. The firm reported a 5% rise in underlying subscriptions growth and a 115% increase in events, with a £44.1 million events revenue against £12.3 million in Q3 2021. Euromoney […]

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Spirax-Sacro Engineering shares were up 2.5% to 10,315p in early morning trading on Monday following its announced negotiations to acquire the Vulcanic group of companies from French private equity firm Qualium for £225.5 million on a cash and debt-free basis. Vulcanic operates as a European industrial electric heating group, and is currently the largest supplier […]

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There have been four major healthcare-related bids so far this year and there are likely to be more. The largest bid this year is for healthcare distributor UDG Healthcare (LON: UDG) which is valued at £2.7bn. Both inhaled drug delivery technology and drugs developer Vectura (LON: VEC) and hospital operator Spire Healthcare (LON: SPI) are […]

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There have been 21 major bids for UK-quoted companies so far this year and eight of them have been AIM companies. May and June were particularly active, partly due to the bid for Morrisons. Peel Hunt believes the UK market offers lower valuations than some of the other major markets. The bids and proposed bids […]

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Global mergers and acquisition (M&A) activity soared by 88% to $2.3 trillion in H2 2020, amounting to the strongest second half in history and overtaking the previous record held by the 46% increase in H2 1997. H2 2020 was also the strongest second half in history in terms of deal value. According to the research […]

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According to data compiled by ComprarAcciones, M&A deal activity in the pharma sector rose by 17% during the first half of 2020. To many, this would appear to be a positive shift, given the economic impacts of the pandemic. However, the rise in pharma industry deals might not come as a surprise to some, and […]

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With the prime minister leaving most of the country in Tiers about the prospect of further lockdown restrictions, sectors of the economy, such as hospitality, will be asking what they can expect in the coming months, and whether the situation will be even worse than the first time around. Speaking on the impact another lockdown […]

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On a calm Friday afternoon in the City media stocks were rallying as confirmation came through of us media giant 21st Century Fox making a takeover approach for UK listed satellite broadcaster Sky. The proposed offer is worth £10.75 per share prior to the announcement shares were trading at £8.37, already up 6% from yesterdays […]

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Drax (LON:DRAX) shares were being snapped up by investors this morning after confirming to the market the proposed acquisition of Opus Energy Group Limited (Opus Energy) for £340m and an agreement to purchase four Open Cycle Gas Turbine (OCGT) development projects. Drax outlined in their half year results this morning that the company has been […]

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Shares in JD Sports Fashion PLC (LON:JD) closed Friday at 1594p, this morning they opened at 330p as the share dilution that was announced on the 1st of November came into effect splitting the ordinary shares of 1.25p each into shares of 0.25p. In old money, JD Sports shares are trading up almost 4% as […]

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