Yell Shares Soar Most in More Than a Year on Speculation of Takeover Bid

Yell Group Plc, the publisher of the U.K.’s yellow pages directories, surged the most in almost seven months in London trading amid speculation about a takeover bid for the company.

Yell jumped 13 percent to 17.79 pence, the biggest gain since Feb. 4.

“M&A activity continues to fill the air,” David Buik, a London-based market strategist at BGC Partners, wrote in an e- mail. “Interested parties are suggesting that Yell might be for sale at around 30 pence” a share, he said.

Yell spokesman Jon Salmon said via phone today that the company doesn’t comment on market speculation.

To contact the reporters on this story: Sarah Jones in London at; Andrew Rummer in London at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.