Dana Petroleum, Diageo, HSBC, Intec May Move: U.K., Irish Equity Preview
The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets. Stock symbols are in parentheses and prices are from the last market close.
Dana Petroleum Plc (DNX LN): Korea National Oil Corp., the state-owned energy company, said it has received acceptances for 64.26 percent of Dana in its hostile takeover battle for the U.K. explorer. The shares rose 0.1 percent to 1,793 pence.
Diageo Plc (DGE LN): The world’s largest spirit maker will focus on expanding sales of its Guinness stout in Southeast Asia, according to Brian Duffy, the managing director for the brand. The shares were unchanged at 1,092 pence.
Filtronic Plc (FTC LN): The company said first-quarter trading improved from the weak final quarter of last year, though conditions remain “difficult” overall. The shares rallied 4.1 percent to 38.25.
HSBC Holdings Plc (HSBA LN): Chief Executive Officer Michael Geoghegan will step down from his post at the end of the year and be replaced by investment banking head Stuart Gulliver, a person briefed on the matter said. Finance Director Douglas Flint will be named as the bank’s new chairman, the person said. The stock was unchanged at 664 pence.
Intec Telecom Systems Plc (ITL LN): CSG Systems International Inc. said it made a cash offer of 72 pence cash for each Intec share, valuing the company at 236.7 million pounds. The directors of Intec, who have been advised by RBS Hoare Govett, consider the terms of the acquisition to be “fair and reasonable,” according to the statement. The shares lost 0.9 percent to 56.5 pence.
To contact the editor responsible for this story: Ben Livesey at firstname.lastname@example.org.