Allied Irish, Greencore, Vodafone: 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.
Allied Irish Banks Plc (ALBK ID): The Dublin-based lender’s offer to buy back more than $5 billion of subordinated bonds may be taken up by about 75 percent of investors, the Sunday Times reported, citing unidentified sources. The stock rose 0.4 percent to 26.9 euro cents.
BG Group Plc (BG/ LN): Argentina must pay BG Group Plc more than $185 million in damages for losses the company incurred from an investment in one of the country’s gas companies. The shares gained 1.1 percent to 1,313 pence.
BP Plc (BP/ LN): The oil company’s refinery in Whiting, Indiana, released oil and hydrogen sulfide after a pipe developed a leak, according to a filing with the National Response Center. The shares rose 0.7 percent to 497.30 pence.
Circle Oil Plc (COP LN): The Irish explorer focusing on North Africa reported a further discovery of natural gas in Morocco, at both the Main Hoot Target and the secondary Guebbas target. The stock declined 1.3 percent to 37 pence.
De La Rue Plc (DLAR LN): Francois-Charles Oberthur Fiduciaire SA and Bain Capital LLC plan to increase their bid for De La Rue Plc, the Sunday Times reported, without citing anyone. The stock advanced 0.7 percent to 819.5 pence.
Greencore Group Plc (GNC ID): The Dublin-based foodmaker said yesterday it will consider its “options” after English food maker Northern Foods Plc agreed to accept a cash offer from Ranjit Boparan’s Boparan Holdings Ltd. The stock plunged 5.3 percent to 1.203 euros.
ITV Plc (ITV LN): The U.K.’s biggest commercial broadcaster was raised to “outperform” from “neutral” at Credit Suisse Group AG, with a target price of 100 pence. The shares slipped 0.9 percent to 75.2 pence.
Lloyds Banking Group Plc (LLOY LN): The London-based lender’s incoming Chief Executive Officer Antonio Horta-Osorio may speed up plans for asset sales, the Sunday Times reported, without saying where it got the information. The shares rose 0.8 percent to 67.37 pence.
Northern Foods Plc (NFDS LN): BH Acquisitions and Northern Foods Plc said they have reached an agreement on the terms of a recommended cash offer to be made by BH Acquisitions for the entire issued ordinary share capital of Northern Foods. The stock climbed 4.1 percent to 63 pence.
Serco Group Plc (SRP LN): The provider of outsourcing services said it’s not in talks over any “major transaction” after a newspaper reported the company had offered $2 billion ($3.2 billion) to buy SRA International Inc. The shares rose 0.1 percent to 558 pence.
Vodafone Group Plc (VOD LN): The world’s biggest mobile- phone operator, which is in a dispute with Essar Group over their joint venture in India, said its partner failed to provide “material” information to the market on a proposed merger of the Asian company’s stake. In separate news, Vodafone Group Plc may hire Unilever Plc Chairman Michael Treschow to take the same role at the phone company, the Sunday Times reported, without citing anyone. The shares gained 1.7 percent to 175.7 pence.
To contact the editor responsible for this story: Colin Keatinge at email@example.com.