Firstgroup Share News (FGP)

TOP NEWS: Go-Ahead latest UK transport firm to receive bid interest

(Alliance News) - Go-Ahead Group PLC on Monday said it has received two takeover proposals at terms it "would be minded to recommend" should a firm offer materialise.

LONDON MARKET MIDDAY: ECB to chart course for interest rate 'lift-off'

(Alliance News) - Stock prices in London were lower at midday on Thursday, ahead of a policy announcement by the European Central Bank in which the Frankfurt-based institution is expected to lay the groundwork for policy tightening.

TOP NEWS SUMMARY: China exports rebound but new lockdown is imposed

(Alliance News) - The following is a summary of top news stories Thursday.

LONDON MARKET OPEN: CMC Markets sinks after slashing dividend

(Alliance News) - Stock prices in London opened lower on Thursday as China continues to grapple with Covid-19 outbreaks, while CMC Markets fell sharply after cutting its dividend.

TOP NEWS: FirstGroup rejects takeover offer from I Squared Capital

(Alliance News) - FirstGroup PLC on Thursday said it has rejected a possible takeover offer from I Squared Capital Advisors (UK) LLP, saying the firm cash component undervalues the company and the contingent component doesn't give shareholders enough certainty.

LONDON MARKET PRE-OPEN: CMC Markets slashes payout as profit plunges

(Alliance News) - Stock prices in London are seen opening lower on Thursday as investors look ahead to an interest rate decision from the European Central Bank at 1245 BST.

UK earnings, trading statements calendar - next 7 days

UK's Biffa soars on $1.7 bln buyout proposal

June 7 (Reuters) - British waste-management specialist Biffa said on Tuesday it has received a possible buyout offer from a private equity firm that values it at about 1.36 billion pounds ($1.69 billion), sending shares to an all-time high.

RBC hikes First Group target price, says I Squared offer undervalues company

(Sharecast News) - Analysts at RBC hiked their target price for shares of First Group on the back of improved estimates for the company's UK bus and rail franchise.

LONDON BROKER RATINGS: Barclays raises John Wood and cuts Hunting

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

I Squared bid for FirstGroup not enough for some large shareholders

(Sharecast News) - The possible takeover of FirstGroup by an American private equity firm was called into question on Monday morning, with some of its biggest shareholders saying the offer was "falling short".

UK equities record best week since mid-March

May 27 (Reuters) - The FTSE 100 inched higher on Friday, recording its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government's windfall tax plan this week.

LONDON MARKET MIDDAY: China warning, rising pound caps FTSE 100 gains

(Alliance News) - A cautious start for the FTSE 100 continued into midday on Thursday, as London's flagship index struggled to make headway amid a stronger pound and an honest assessment by Beijing of the weakened state of China's economy.

LONDON BROKER RATINGS: Tesco downgraded; Berenberg likes FirstGroup

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

IN BRIEF: FirstGroup considers takeover offer from I Squared Capital

FirstGroup PLC - Aberdeen, Scotland-based transport provider - Receives "series of unsolicited, conditional proposals" to be acquired by I Squared Capital Advisors (UK) LLP. Says considering latest approach, received Wednesday evening, for 118 pence per share in cash, plus 45.6p more contingent on the proceeds of FirstGroup's recent disposals of First Transit and Greyhound. The 163.60p total offer is a 38% premium to Wednesday's close. Previous approaches all were unanimously rejected by the board, FirstGroup says.