Sharp gains were seen for the African telecoms and mobile money provider Airtel Africa this morning after the company published half year numbers. These included a slew of upbeat metrics including surging revenues and customer numbers, margins were also higher and currency tailwinds helped, too. The interim dividend is to be increased by more than 9% as well, with the Airtel Africa share price adding around 6% in early trade.
Shares in the data company and exchange operator LSEG received a modest bounce this morning. That coincides with the company’s latest announcement regarding its AIM ambitions, through a collaboration with Anthropic, as it looks to deliver trusted licensed data to scale AI in financial services. Ensuring the accuracy of data ingested into AI processes here will be vital, so the user benefit is clear to understand. The London Stock Exchange Group share price was just over 1% ahead shortly after the open.
The provider of management software for clients including local authorities, transport and engineering, saw its shares jump higher on Tuesday. A private equity bid for the company has been announced, led by a significant long term shareholder, with directors recommending the deal. 71.5p per share has been offered, representing a 26.8% premium to last night’s closing price. The last time Idox traded at this level was almost four years ago and the Idox share price has jumped 24.7% in early trade, taking out most of the bid premium as a result.
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