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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 manufacturing organisation (CDMO), whilst continuing to deliver strong financial and operational results in its...

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 Tuesday's 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 guidance for both metallurgical and energy coal. The world's biggest mining company kept its guidance fo...