GCP Student Living (DIGS) shares ticked up 14.08% to 193.3p amid potential takeover
Shares in the student-focused British investment firm soared on Monday after the Group confirmed that it is in potential takeover talks after GCP said it had received non-binding proposals from a consortium led by APG Asset Management, its biggest shareholder.
The Company told investors that it remains in discussions with the Consortium. However, it added that following discussions with the Company’s independent valuer, the Board is anticipating a material increase in its property valuation for the period to 30 June 2021.
John Lewis of Hungerford (JLH) shares soared 62.50% to 1.625p despite having no news
After shares soared by over 60%, the specialist manufacturer and retailer of items such as freestanding furniture informed investors that it knew of ‘no reason for such a movement.’
In fact, JLH confirmed that there had been no material development since the publication of the interim results for the six months to 31 December 2020 on 18 March 2021.
Hurricane Energy (HUR) shares jumped 17.47% to 4.092p as main shareholder raises stake
Today, shares jumped off the back of the news that Hurricane’s main shareholder Crystal Amberhave raised their stake to 23.09% from 14.32%. Since the stock’s opening price of 1.50p back in June, shares have risen 180% to a current trading price of 4.20p.
In recent weeks, the company has faced pressure following the downgrade of the probable and proven reserves at its Lancaster oil field earlier this year, which lowered the resource estimates from the initial 2.6 billion barrels of oil equivalent to a meagre 7. Million barrels.
Tekcapital (TEK) shares rose 12.50% to 18p as Lucyd signs new Canadian agreement
Tekcapital said Innovative Eyewear, Inc, a US operating company of the company’s portfolio company Lucyd Ltd has signed an exclusive purchase and distribution agreement.
The UK intellectual property investment group told investors that the agreement has been secured with 8 Points Inc, a subsidiary of Marca Eyewear Group Inc. a leading Canadian distributor that provides high-end spectacles for optical stores and eye care professionals.
To maintain retail distribution exclusivity in Canada, the deal sets out a minimum purchase requirement of $4.6m worth of Lucyd® Lyte® e-glasses over 30 months. Monthly minimum committed purchases are expected to rise ‘incrementally’ over the term of the agreement.
Spire Healthcare Group (SPI) shares fell 1.97% to 242.75p as it reports higher costs
The U.K. hospital firm said revenue in the first five months of the year has been higher than the equivalent period in 2019 while associated clinical staff and direct costs have risen.
Despite higher costs, Spire maintained its 2021 outlook from its most recent guidance. The Group said in May that it expects to return to adjusted results in-line with previous levels.
In addition, Spire has recommended that shareholders vote to accept a final takeover offer of 250p a share from Australian hospital operator Ramsay Health Care at its GM next week.