On Vec News Today

A group of health experts led by Asthma UK and the British Lung Foundation has expressed concerns about the takeover

Who says Americans dont do irony? US tobacco giant Philip Morris has won the recommendation of the board of healthcare company Vectura for its bid

The FTSE 100 opened higher as investors await the latest US inflation readings. London’s leading index jumped 24 points to 7,185 in early trading. The...

The FTSE 100 saw a soft open following mixed UK consumer spending data overnight. London’s main index was up 7 points to 7,139 in early deals. Vectura...

26 May 2021 | 08:34am StockMarketWire.com - UK stocks edged higher in early trade on Wednesday, buoyed by two takeover deals in the local healthcare sector worth around £1 billion each. At 0822, the benchmark FTSE 100 index was up 5.76 points, or less than 0.1%, at 7,035.55. Private hospital group Spire Healthcare surged 26% to 243.5p on announcing that it had agreed to be acquired by Australias Ramsay Health Care for £999.6 million. Spire shareholders would receive 240p per share, a 24% prem...

The group has also provided a trading update on the first quarter of 2021 Vectura Group PLC (LON:VEC) announced it has agreed on a £958mln takeover by Carlyle Group, a private equity firm with US$260bn of assets under management. The board has recommended an offer price of 155p per share, which is a 32% premium to Tuesday’s closing price. “Vectura has made strong progress since embarking on its new strategy in 2019 to become a leading inhalation focused contract development and manufacturi...

FTSE dragged lower by weak banks

The number of private equity takeovers since the start of last year is now 124

21 April 2021 | 12:01pm StockMarketWire.com - The FTSE 100 made a modest recovery on Wednesday after Tuesdays big sell-off gaining 0.5% to 6,894.47 with big oil companies helping to support the index. The UK consumer price index rose 0.7% in March from 0.4% in February, indicating the economy was on the mend -- though the market had expected an even stronger reading, of 0.8%. BHP gained 1.3% to £21.945 after it upgraded its annual copper production guidance, though it also downgraded its guida...