Water group Severn Trent dropped sharply on Wednesday after the consortium of foreign investors that had bid for the company withdrew its offer last night. LongRiver, after having had its earlier proposals rejected by Severn Trent, said that it would not put forward a further offer "in the absence of meaningful engagement" with the utility's board. [12 Jun '13]
M&A activity was the theme of the day in London on Wednesday as heavyweight stocks British Sky Broadcasting, Severn Trent and Vodafone grabbed the headlines. Nevertheless, after a choppy start, the FTSE 100 managed to register moderate gains by lunchtime. [12 Jun '13]
Credit checking giant Experian topped the FTSE Thursday after reporting full-year sales growth across all its global markets, particularly in Latin and North America. In the year to end-March, the company saw revenues from continuing activities rise six per cent to 4.7bn dollars, with earnings before interest and tax up seven per cent to 1.25bn dollars. [9 May '13]
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