Pubs and restaurants under pressure over concerns of prolonged restrictions
A look at Friday s major share movers on the London Stock Exchange
Hospitality stocks were under pressure in the early afternoon as UK reopening plans could be hampered by the rise in the Indian Covid variant.
The 20.5% rise in cases over a week raises the possibility that the 21 June lockdown end will be delayed, analysts at IG noted.
12.55pm: Insurers rise after UK finance regulator unveils new rules
Insurers were on the rise in the early afternoon after the Financial Conduct Authority said they will no longer be able to charge existing customers more than new ones.
Senior soars after rejecting takeover proposal
A look at Friday s major share movers on the London Stock Exchange
Senior PLC (LON:SNR) soared 36% to 161.3p after Lone Star Global Acquisitions confirmed that it made a third proposal to Senior regarding a possible cash offer for 176p per share.
However, the board of the engineering solutions provider has rejected it.
Lone Star said it is considering its position and has until 25 June to decide whether to make another offer or to drop its takeover plans according to London Stock Exchange rules.
2.50pm: Real Good Food climbs after shareholders help with disposal cost
Senior soars after rejecting takeover proposal
A look at Friday s major share movers on the London Stock Exchange
Senior PLC (LON:SNR) soared 36% to 161.3p after Lone Star Global Acquisitions confirmed that it made a third proposal to Senior regarding a possible cash offer for 176p per share.
However, the board of the engineering solutions provider has rejected it.
Lone Star said it is considering its position and has until 25 June to decide whether to make another offer or to drop its takeover plans according to London Stock Exchange rules.
2.50pm: Real Good Food climbs after shareholders help with disposal cost