DPH.L Share News (DPH)

IN BRIEF: Persimmon to replace outbound FTSE 100 constituent Dechra

Persimmon PLC - York, England-based housebuilder - To rejoin FTSE 100 index on Tuesday as acquisition of Cheshire, England-based veterinary drug maker Dechra Pharmaceuticals PLC edges closer. Baillie Gifford US Growth Trust PLC will be added to the FTSE 250 index. The Dechra offers values the firm at around GBP4.5 billion.

IN BRIEF: EU clears Dechra Pharmaceuticals takeover by EQT funds

Dechra Pharmaceuticals PLC - Cheshire, England-based veterinary drug maker - European Commission on Friday clears takeover of Dechra by funds managed by EQT Fund Management Sarl, together with Luxinva SA. As a result, all conditions of the offer relating to antitrust and regulatory approvals have been met. Takeover is expected to complete on January 16, and Dechra shares will be cancelled from trading in London from the market open the next day. The offer values Dechra at 3,875 pence per share, or about GBP4.5 billion in total.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Hargreaves Lansdown picks Dechra chair Alison Platt as chair

Hargreaves Lansdown PLC - Bristol, England-based wealth management platform - Hires Alison Platt, the current chair of Dechra Pharmaceuticals PLC, to be next its non-executive chair. Platt replaces Deanna Oppenheimer, who will leave the Hargreaves board at its annual general meeting on Friday next week, having been chair for six years. Platt will join the Hargreaves board in early 2024. Until regulatory approval for Platt, Senior Independent Director Penny James will be interim chair. Dechra, a veterinary drugmaker, has agreed to be taken over by EQT, which is a Swedish private equity firm, and Luxinva SA, which is controlled by the sovereign wealth fund of the United Arab Emirates. The GBP4.5 billion deal is expected to be completed by early 2024. Platt also is a non-executive director of grocer Tesco PLC and chair of general insurer Ageas (UK) Ltd. Previously, she led estate agent Countrywide as chief executive officer from 2014 to 2018.

LONDON MARKET OPEN: FTSE 100 falls; Halfords, Xaar plunge

(Alliance News) - Stock prices in London opened mixed on Wednesday, as large caps fell on account of a stronger pound, though the domestically-focused midcap index rose.

LONDON BRIEFING: Hargreaves Lansdown says Dechra's Platt to be chair

(Alliance News) - Stocks in London are expected to open lower on Wednesday, as investors consider the latest dovish remarks from the US Federal Reserve.

Dechra Pharmaceuticals director steps down after 12 years

(Alliance News) - Dechra Pharmaceuticals PLC on Monday said Director Tony Griffin has stepped down after 12 years in the role, effective immediately.

Tony Griffin stepping down as Dechra executive director

(Sharecast News) - Dechra Pharmaceuticals announced the departure of one of its longstanding executives, Tony Griffin, on Monday.

TOP NEWS: Dechra Pharma swings to loss ahead of takeover by EQT

(Alliance News) - Dechra Pharmaceuticals PLC on Thursday said it swung to an annual loss as it lamented high inflation and cost of sales, despite growth in all pharmaceutical product categories.

Dechra delivers 'resilient' year as EQT buyout nears completion

(Sharecast News) - London-listed veterinary pharmaceuticals group Dechra, which will soon be taken private after a buyout by Sweden's EQT, said on Thursday it delivered a "resilient" performance in the year to 30 June.

LONDON BRIEFING: UK economy grows 0.2%; CMA probes ITV and BBC

(Alliance News) - Stocks in London are called higher on Thursday, following an upbeat trading session in Asia.

UK earnings, trading statements calendar - next 7 days

Permira to buy UK pharma services firm Ergomed for $886 mln

Sept 4 (Reuters) - European private equity firm, Permira, has agreed to buy British biopharmaceutical services company Ergomed for about 703.1 million pounds ($886.40 million), the two firms said on Monday, in the latest UK healthcare deal this year.

LONDON BRIEFING: Stocks seen higher; Grafton begins another buyback

(Alliance News) - Stocks in London are set to open higher on Thursday as market focus turns to inflation and whether it is cooling enough to justify a pause in September from the European Central Bank and the US Federal Reserve.

TOP NEWS: M&S returns to FTSE 100 after four years, Persimmon exits

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 18, after completing its quarterly review.