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Alliance News) - Liontrust Asset Management PLC on Thursday said it expects to declare its offer to buy GAM Holding AG unsuccessful, after winning the support of only a third of the Zurich-based firm's shareholders.

The minimum acceptance condition for the bid was just over 66%, according to an earlier offer document, so the FTSE 250 listing fell well short of the support needed.

Liontrust currently expects to declare the offer unsuccessful on Tuesday next week. GAM shareholders had until Wednesday of this week to tender shares.

Closed my trade over 208p

Very good day so far , EMG and FTSE 100 rallying

There we go ,up and away , lol

Man Group valuation undemanding after recent sell-off, says Citi

Tue, 22nd Aug 2023 08:03Sharecast News

and i bought more than usual today ,fingers crossed citi bank is right.

Little bit more for me at 208p

ABDN ex divi today and looks good value.

Same here in at 208p this morning.

Admiral half-year results helped here today

Looks like we could see EMG at 210p soon, still waiting ,i will see tomorrow after AV. results.

LGEN would be a winner ,i am happy taking the dividend.

And next FTSE reshuffle MKS could re enter FTSE 100

Fireworks today i think , we could see 10% .

WOSG will do well long term .

I am happy to collect the dividend every year

UK holidaymakers are flocking to Turkey and Egypt to take advantage of favourable currency exchange rates, according to On The Beach Group on Sunday. On The Beach said the number of bookings it has received for summer trips to those destinations is more than double the level from 2019, before the coronavirus pandemic. It partly attributed this to the fall in the value of the Turkish lira and Egyptian pound against sterling over that period. The number of lira that can be bought for a UK pound has quadrupled from around TRY8 in 2019 to TRY34 currently. Holidaymakers visiting Egypt are receiving approximately twice as much local currency for sterling than they were before the virus crisis. On The Beach said a sharp rise in flight capacity has also driven the rise in demand for holidays in Turkey.

Back in with small trade at 215p today

Closed my trades with good profits.

JPMorgan raises Man Group price target to 315 (297) pence - 'overweight'

One more trade at just under 216p ant that is it for today .