Michael Spencer to bow out on a high as City eyes Nex Group (NXG) bidding war. The stock jumped 218p, or 33%, to 888.5p — causing the value of the firm soar to £3.4 billion — after it admitted it was in preliminary talks with US exchange giant CME about a takeover.
Berkeley Group Holdings (The) (BKG) blames the politicians for barriers to building homes. Although the firm is in line to hit its target of generating £3.3 billion in profits by 2021, the City was disappointed with comments that it was being stymied in efforts to boost production beyond the levels in its business plan.
Cash call on agenda for Bargain Booze owner Conviviality (CVR). The retailer admitted it was in talks with accountancy giant PwC to potentially launch an equity fundraising to strengthen its coffers. It also sought to appease investors after a string of blunders.
Mitie Group (MTO): Turnaround is costlier than expected. Chief executive Phil Bentley, who joined in November to turn the business around after a string of profit warnings, said: “The liquidation of Carillion has raised fundamental questions about the industry.”
Experian (EXPN) has bought London-based fintech company Clearscore in a £275 million deal.
