London pre-open: Modest gains expected
7th Dec 2010 07:37
London's blue-chips are expected to open firmer on balance, with City traders tipping the Footsie will open its account around 20 points higher. Good momentum across all of its areas of operation helped supermarket giant Tesco lift sales by 8.8% in the past three months, though its international bu
Read moreLondon close: Footsie advances as takeover activity excites
6th Dec 2010 16:56
Shares closed with decent gains as bid activity and higher oil prices whetted investor appetites. There has been no shortage of takeover news to keep traders occupied on an otherwise fairly quiet day. FTSE 250-listed De La Rue was the star performer. The banknote printer enjoyed a second wind Mond
Read moreOberthur offers 905p a share for De La Rue
6th Dec 2010 16:44
Shares in De La Rue enjoyed a second wind Monday afternoon after the company that bid for the banknote printer announced it had offered 905p a share. Shares in De La Rue jumped this morning after it said it had rejected an offer from an unnamed bidder. They then climbed higher after France's Oberth
Read moreFTSE 250 movers: Bid boosts De La Rue
6th Dec 2010 15:46
De La Rue is sharply higher after confirming it has received a bid, the FTSE 250-listed banknote printer confirmed Monday, thought to be from French rival Oberthur Technologies. Talk is the all-cash deal valued the UK company, also responsible for printing UK passports, at around £800m, a 25% prem
Read moreLondon afternoon: Oil stocks give a lift
6th Dec 2010 14:24
Leading shares are mixed but the Footsie is clinging on to positive territory, largely on the strength of oil stocks, which advance as the price of crude oil moves to levels not seen in more than two years. There has been no shortage of takeover news to keep traders occupied on an otherwise fairly
Read moreBroker tips: De La Rue, BATs, Desire
6th Dec 2010 13:09
There is nothing like a bid approach to make a broker reassess the value of a stock and bank note printer De La Rue is no exception to the rule. Confirmation that the crisis-torn company has received a bid approach, believed to be from French rival Oberthur, has prompted Panmure Gordon to whack up
Read moreBroker snap: 800p a realistic price for De La Rue
6th Dec 2010 13:07
There is nothing like a bid approach to make a broker reassess the value of a stock and bank note printer De La Rue is no exception to the rule. Confirmation that the crisis-torn company has received a bid approach, believed to be from French rival Oberthur, has prompted Panmure Gordon to whack up
Read moreLondon midday: Bid action boosts shares
6th Dec 2010 12:04
Shares are broadly higher, with bid activity in the mid-cap index helping to generate excitement. De La Rue has received a bid, the FTSE 250-listed banknote printer confirmed Monday, thought to be from French rival Oberthur Technologies. Talk is the all-cash deal valued the UK company, also respons
Read moreLondon open: Bid speculation enlivens dull market
6th Dec 2010 08:47
The prospect of mergers and acquisitions activity is livening up an otherwise sedate opening session for London. De La Rue has received a bid, the banknote printer confirmed Monday, thought to be from French rival Oberthur Technologies. Talk is the all-cash deal valued the UK company, also responsi
Read moreLondon pre-open: Modest gains in store
6th Dec 2010 07:35
It looks like London could recover much of Friday's drop, though bid activity should give the mid-cap index an extra boost. The FTSE 100 could add around 16 points, according to futures prices. De La Rue has received a bid, the banknote printer confirmed Monday, thought to be from French rival Obe
Read moreDe La Rue rejects French bid
6th Dec 2010 07:05
De La Rue has received a bid, the banknote printer confirmed Monday, thought to be from French rival Oberthur Technologies. "De La Rue plc notes the recent press speculation and confirms that it has received a highly preliminary and opportunistic approach," according to a very brief statement. "Th
Read moreMonday newspaper round-up: De la Rue, IMF, Lloyds...
6th Dec 2010 06:24
Banknote printer De La Rue, which also has a contract with the Home Office to print passports, is expected to confirm to the stock market today that it received an audacious bid from the privately owned printer Oberthur Technologies. Oberthur, a 168-year-old company that prints euro notes circulate
Read moreBroker tips: Melrose, WH Smith, Desire
3rd Dec 2010 13:24
Shares in crisis-torn banknote printer De La Rue are down by a third over the year but up by one sixth in the last week, with the recent good run driven, in part, by rumours of a takeover. One company name in the frame to take over De La Rue is turnaround specialist Melrose, but Panmure Gordon thin
Read moreBroker snap: Melrose unlikely bidder for De La Rue
3rd Dec 2010 13:22
Shares in crisis-torn bank note printer De La Rue are down by a third over the year but up by one sixth in the last week, with the recent good run driven, in part, by rumours of a takeover. One company name in the frame to take over De La Rue is turnaround specialist Melrose, but Panmure Gordon thi
Read moreLondon close: Triple digit gains for FTSE 100
1st Dec 2010 16:56
Footsie was posting triple-digit gains at trading's close as markets across the globe roared in approval at talk that the European Central Bank may take more measures to deal with the debt crisis. Shares here got an extra boost from news that activity in the manufacturing sector hit levels not seen
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