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Market report: Pendragon rallies in flat market, Audioboom eyes ambitious reverse takeover featured picture

Market report: Pendragon rallies in flat market, Audioboom eyes ambitious reverse takeover

UK markets take a pause for breath in early trade on Tuesday with little in the way of macroeconomic or corporate news to drive share prices one way or the other. This is illustrated by a barely moving FTSE 100 index, which nudges around 12 points higher in early deals to 7,189.51. That’s a far cry from the 84 point bounce seen for the blue-chip index in Monday’s trading session following ...
Why shareholders in FTSE 250 engineering software firm AVEVA are set for £650m cash windfall featured picture

Why shareholders in FTSE 250 engineering software firm AVEVA are set for £650m cash windfall

US regulators have given their formal OK for Cambridge-based Aveva (AVV) to merge with the software business of French engineering firm Schneider Electric. Aveva designs computer-aided design and manufacturing software, mainly used in the development of big oil and gas, marine and nuclear energy markets. The regulatory thumbs-up relates to the £3bn merger deal, one that will roughly double ...
OnTheMarket off to a bad start as its share price falls on stock market debut featured picture

OnTheMarket off to a bad start as its share price falls on stock market debut

After raising less money than desired and taking six months to reach the stock market after announcing its plans last summer, property portal OnTheMarket (OTMP:AIM) tops off its woes with a miserable start to life as a listed company. Its shares were issued at 165p but on its stock market debut  today (9 Feb) the stock has fallen 6.7% to 154p. New figures from research group Edison show the ...
The stock market gives thumbs up to Trinity Mirror’s plan to buy rival newspapers featured picture

The stock market gives thumbs up to Trinity Mirror’s plan to buy rival newspapers

Newspaper publisher Trinity Mirror (TNI) is riding high after agreeing a £126.7m takeover of the Express and Star titles and guiding for full year results to be ‘marginally ahead’ of expectations. The shares advance 7% to 75p. The deal is expected to be ‘materially earnings enhancing in the first full year of ownership’ and the company is looking to achieve annualised cost synergies ...
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