By Samuel Indyk
Today is Labor Day in the United States and Canada so trading could be quieter with volumes thinner. The calendar highlights include UK Construction PMI and Eurozone Sentix investor confidence.
Morrisons (LON:MRW) – The UK’s Takeover Panel is expected to begin talks with CDR, Fortress and Morrisons as soon as this week, ready for an auction by the middle of this month. An auction would be avoided if Fortress decides not to make a new bid for the company.
Lloyds (LON:LLOY) – Being sued in the High Court by 150 homeowners alleging they have lost out on thousands of pounds after being sold mortgages tied to house appreciation. (FT)
Dechra Pharmaceuticals (LON:DPH) – FY revenue growth of 21% to £608 million. Underlying operating profit up 29.2% to £162.2 million. Dechra says trading remains strong in new financial year with the momentum and market penetration seen in the second half of the prior financial year continuing.
HgCapital Trust (LON:HGT) – Net assets total more than £1.6 billion at 30th June. NAV per share of 373.4p, a total return of 21.4%. Hg says it remains excited about the future potential of the high-quality portfolio, the alignment with the talented management teams and founders across the Hg network and their ability to drive continued growth in value in their businesses.
Petershill Partners – Goldman Sachs (NYSE:GS) has confirmed it is planning to list its Petershill Partners unit on the London Stock Exchange.
UK update – Petershill to IPO on LSE, Morrisons set for Takeover Panel talks
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