By Samuel Indyk
Aviva (LON:AV) – Activist investment firm Cevian Capital has increased stake in the company to above 5%.
Augean (LON:AUG) – Agreed to be taken over by Eleia Limited for 325 pence per share in cash.
Rank Group (LON:RNK) – Notes decision by HMRC not to appeal decision handed down by the First-tier Tribunal on 30 June 2021 regarding VAT paid on slot machine income. Rank still expects quantum of the claim to be circa £80 million.
BAE Systems (LON:BAES) – Awarded $843.89 million modification contract by the US Army.
Grafton Group (LON:GFTU_u) – H1 revenue up 46.1% to £1.028 billion. Adjusted operating profit up 236.2% to £157.8 million. CEO says overall outlook is positive given the strength of current market positions, geographic diversity, strong balance sheet and investment pipeline.
Admiral (LON:ADML) – Initiated with an Underperform rating at Jefferies
Direct Line (LON:DLGD) – Initiated with a Buy rating at Jefferies
AB Foods (LON:ABF) – Initiated with a Hold rating at Deutsche Bank
British Land (LON:BLND) – Upgraded to Buy from Hold at Liberum
UK market update – Cevian increases Aviva stake, Augean agrees to buyout offer
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