LATEST NEWS
In the latest blow for the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace for $5 billion
Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers.
London stocks surge again on latest takeover moves
London’s market rally continued on Friday as the FTSE 100 lifted to its latest record closing price, with the recent takeover frenzy continuing.Anglo American was higher again despite rebuffing its mammoth takeover bid from BHP, while a private equity swoop for Darktrace helped drive the FTSE 250 to strong gains.The FTSE 100 was also boosted by a strong reception to NatWest’s latest trading update.London’s top index finished 60.97 points, or 0.75%, higher to end the day at 8,139.83.Chris Beauchamp, chief market analyst at IG, said: “The bidding bonanza for UK-listed firms goes on, and this is acting as a constant reminder...
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.