Engineering outfit Invensys seems to have finally gotten its hands around its problematic pensions deficit, such that it is no longer a deterrent to would-be investors. In fact, should the company maintain its guidance for its pensions deficit steady - when it unveils its annual results - that may well clear the last remaining obstacle to a bid. In fact, once a premium is factored in then the bid price could reach about 4bn pounds - with Schneider Electric of France and Ameri [12 May '13]
Shares in BT Group soared on Friday after posting very strong results which saw annual pre-tax profit rise 11 per cent. Adding to the gains was the previous day's news that it will soon offer its sports channels free to any BT broadband customer. [10 May '13]
UK equities are now registering moderate gains and near their best levels of the day, buoyed by another rise in risk appetite which seemed to take its cue from the sharp move lower in the Japanese Yen overnight. [10 May '13]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.