Fri, Apr 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Market

Qatar denial fails to dampen M&S takeover speculation

Posted on 19 March 2013

Marks & Spencer shares surged on speculation that a faltering turnaround effort and flagging profits have left Britain’s biggest clothing retailer vulnerable to a takeover. Investors piled into the stock after a newspaper reported that Qatar was planning a bid, sending the shares up 9.4 percent to a 12-month high.
A source close to Qatar Holding denied the report, but the stock was still up 7.4 percent. Analysts and investors said Marks & Spencer (M&S) could be a target for a private equity firm………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13934 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930