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(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Britain’s fishing rights offer raises hopes for a deal UK economy recovers 16% in Q3, recession risks loom AstraZeneca down as asthma drug trial fails FTSE 100 up 0.6%, FTSE 250 adds 1.3% (Updates to market close)
Dec 22 (Reuters) - UK stocks bounced on Tuesday as fresh hopes of a trade deal with the European Union outweighed fears over a mutated variant of the novel coronavirus that has shut most of the island country.
The mid-cap FTSE 250, considered a barometer for Brexit sentiment, added 1.3% as the EU chief negotiator said both sides were inching towards an agreement on fishing though the politically sensitive matter remains unresolved.
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For smaller shareholders who’ve held on to their Applegreen shares since the company first listed on the stock market five years ago, this is somewhat of a damp squib.
The shares floated at €3.80 each in June 2015. They traded as high as about €6.62, a level hit in September 2018, and sank as low as €2.05 when the pandemic struck.
Dividends have been modest. Its first, of 1.25 cent per share, was paid in 2017 in respect of 2016. Shareholders will be offered €5.75 per share if the take-private goes ahead – better than a kick in the pants, at least, but still only a 51pc return on the flotation price after half a decade, and dividends that were about as attractive as getting a £5 banknote issued by a Northern Ireland bank from an aunt in your birthday card.
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