HomeServe (HSV) shares were trading 14.18% higher at 974p amid potential takeover offer
Today, the international home repairs and improvements business confirmed to investors that it is currently in discussions with Brookfield Infrastructure regarding a potential takeover offer.
After market close on Thursday afternoon, HomeServe received a number of proposals from the Toronto-based infrastructure investor. It stated that the proposals had a number of conditions and that it has now entered discussions with Brookfield about a potential deal.
The deadline by which Brookfield Infrastructure can make a bid for the company has now been extended to 19
May 2022. HomeServe detailed that there was no certainty a firm offer would be made. Nevertheless, the stock reached highs of 985.5p during Friday trading.
One Media iP Group Plc (OMIP) shares were trading 16.14% higher at 7.375p amid FY21 uplift
Today, the digital media content provider released its final results for the year ended 31 October 2021 in which it reported a 10% increase in total revenue and 11% uplift in EBITDA to £4.3m, driven largely by the company’s independently valued £34.8m content catalogue.
Michael Infante, CEO of One Media Group, told investors that the company’s outlook for its industry is “extremely encouraging,” with growth accelerating and technology advances providing more and more opportunities for it to place its assets and maximise royalties.
Against this and with a strong balance sheet of £2.565m as at the end of the period, Infante said he looks forward to the future “with great optimism.” As a result of the company’s positive performance, a final dividend of 0.055p per share has been declared by its Board of Directors.
Ferrexpo (FXPO) shares reached highs of 186.2p today as it delays dividend payments
In view of Russia’s invasion of Ukraine, the Board of Directors decided to defer any decision in relation to an interim dividend in conjunction with its full year results for the 12 months ended 31 December 2021 which the FTSE 250 iron ore pellet producer published today.
Addressing shareholders this morning, the Board said it will continue to assess the situation in Ukraine, and “when appropriate,” will make a decision in relation to shareholder returns.
Ferrexpo, which has said it will halt activity at projects not expected to deliver near-term growth, said all its Ukrainian operations have been away from the main conflict zones. It did acknowledge that the war has created many operational and logistical challenges however.