Vodafone gains help FTSE 100 close higher amid calmer trading

Corporate ActionM&A · Partnership
โดย Alliance News·Read original
Summary · why it matters

The FTSE 100 closed higher on Friday, lifted by a 13% surge in Vodafone shares after investment vehicle Vega agreed to acquire Emirates Telecommunications' 16.2% stake for £4.4 billion, making it the telecom firm's largest shareholder. The blue-chip index rose 24.84 points, or 0.2%, to 10,497.29, while the FTSE 250 added 0.6% and the AIM All-Share edged up 0.2%. Vega, owned by the Xavier Niel family, said it has no intention of making a takeover offer but JPMorgan analysts noted Niel is not known as a passive investor. St James's Place slumped 8.6% after a report that a large partner firm plans to exit, while Hays jumped 20% on an upbeat profit forecast and easyJet soared 14% after agreeing to a £5.7 billion takeover proposal from Apollo Management that tops a rival bid.

Impact on stocks 6

Industrials · 3 stocks
EasyJet PLC
EZJ
▲ PositiveCapitalrelevance

EasyJet agreed to a £5.7 billion takeover proposal from Apollo Management, topping a rival bid.

Hays plc
HAS
▲ PositiveCapitalrelevance

Hays jumped 20% on an upbeat profit forecast.

Financials · 1 stocks
St. James's Place plc
STJ
▼ NegativeCapitalrelevance

St James's Place slumped 8.6% after a report that a large partner firm plans to exit.

Cloud & Digital Infrastructure · 1 stocks
Vodafone Group PLC
VOD
▲ PositiveCapitalrelevance

Vodafone shares surged 13% after Vega agreed to acquire a 16.2% stake for £4.4 billion, becoming largest shareholder.

Biotech & Genomic Medicine · 1 stocks

Off-coverage companies 1

Emirates Telecommunications GroupPrivate▲ Positive
Capitalrelevance

Emirates Telecommunications sold its 16.2% stake in Vodafone to Vega for £4.4 billion.