The wound care manufacturer Advance Medical Solutions issued a note to the market this morning confirming media speculation that an offer had been tabled for the company. Private equity play TA Associates now has 28 days to make a firm offer for the business under takeover rules. There are no details in terms of the premium that might be paid on the £500m business, but the Advance Medical Solutions share price was 15% higher shortly after the open.
Looking beyond the corporate news agenda and attention is once again focused on the rollercoaster that is Trump’s positioning on the Iran conflict. Following another escalation over the weekend, crude prices are rising once again and that’s good news for the oil & gas industry. The BP share price is trading 3% higher in early trade, whilst Shell was a little over 2.5% up. This however does little for the wider economy as the volatility makes planning difficult and higher prices will almost inevitably fuel inflation.
A year end trading update from the FTSE-250 listed software firm offered the market something to cheer as the new week got underway. Following the company’s return to growth earlier in the year, momentum was sustained with an especially strong performance noted in the Americas and APAC regions. Improved visibility over the order book has fuelled new hirings and full year revenues are now expected to be ahead of consensus estimates. Profits before tax are as previously forecast, but further margin improvements are expected in H2 FY27. The Kainos share price was up as much as 3% at the open but was quick to start handing back gains.
Most read news on Investegate this morning
Central Bank MCP server in action - - Insig AI (INSG)
Third tozorakimab positive Phase III in COPD - - AstraZeneca (AZN)
