Insurance giant Beazley was topping the board this morning following news that it had reached an agreement in principle with suitor Zurich over valuations. Putting a healthy 60% premium on the share price from when the offer period got underway in mid-January, shares were already trading higher but gained further ground this morning. This would be the biggest acquisition of a London company for some years and the Beazley share price added almost 9% in early trade.
Shares in Atalya Mining slipped off the back of news that a majority shareholder had sold down a significant stake in the company. With the trade going through at 945p – a significant discount to last night’s closing price – the deal generated £132m for the seller but hit the company’s market cap which has already been through a volatile period. That’s off the back of a funding round last week and also sharp movements in the value of underlying metals. The Atalaya Mining share price was down 8% in early trade.
The reseller of high end watches issued a Q3 trading update this morning, noting a strong performance over the festive period and revising full year guidance too, Whilst sales are set to be higher, EBIT margin forecasts have been tightened towards the lower end of the previous range, with a contraction of 70 to 90 basis points now expected. That seems to have triggered some profit taking on the stock, following a strong performance in the latter part of 2025. The WOSG share price was down 4% approaching 9am.
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