FTSE Gains, Marks & Spencer Rises After Takeover Speculation

Global News Select Marks & Spencer Rises After Takeover Speculation

Marks & Spencer Group shares gain 3% after weekend news reports suggested U.S. private equity giant Apollo Global Management was considering a buyout of the U.K. retailer. The company’s food business and its tie-up with online retailer Ocado Group are likely to have sparked Apollo’s interest, particularly given M&S’s upbeat 1H results earlier this month, Hargreaves Lansdown says. "However, shares have surged more than 27% since those impressive results and if the price continues to climb, there is a chance Apollo may turn into more of a reluctant suitor," HL analyst Susannah Streeter says.

Companies News: Jersey Oil & Gas Appoints New Nonexecutive Chairman, CFO

Jersey Oil & Gas PLC said Monday that it has appointed a new nonexecutive chairman, chief financial officer and chief commercial officer, effective immediately.—Thruvision 1H Pretax Loss Widened on Lower Revenue; Confident for 2HThruvision Group PLC […]

Click here to view original web page at www.morningstar.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.