PureTech Health lifted after associate receives funding for its digital therapeutics product
A look at the major movers on the London market on Wednesday
It has been a busy day in the healthcare world.
Vectura Group PLC (LON:VEC) has jumped 32.79% to 162p after the company, which is developing an inhaled treatment for COVID-19, backed a £958mln or 155p a share takeover offer from private equity group Carlyle.
Meanwhile Spire Heatlhcare Group (LON:SPI) is being bought by Australia s Ramsay Health Care Ltd (ASX:RHC) for £999mln or 240p a share. The private hospital group has added 26.17% to 243.5p.
Mediclinic PLC (LON:MDC), which holds a 29.9% interest in Spire, said it would vote in favour of the offer. With Mediclinic also reporting full year results which showed revenues down 3% and earnings down 21% but forecasting growth this year, its shares are up 6.29% at 327.8p.
TRADING UPDATES: Mattioli Woods proposes acquisitions and fundraise
Wed, 26th May 2021 19:50
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Mattioli Woods PLC - UK-based wealth management services provider - Proposes acquisition of Maven, a leading private equity investor in UK SMEs and alternative asset manager for GBP100.0 million. Proposes acquisition of Ludlow Wealth Management, a financial planning business in the North West of England with assets under advice of GBP1.6 billion, for up to GBP43.5 million. Says acquisitions in line with its strategy to accelerate growth through strategic acquisitions while enhancing organic growth opportunities; adding scale, distribution and product . Says acquisitions are expected to be earnings accretive in the first full year of ownership. Proposes fundraise via share issuance at fixed price of 660 pence per share to raise GBP110 millio