The operator of a network of private hospitals across the
UK, Spire Healthcare, has this morning issued
a note confirming media speculation that two parties are now in discussion
with the company regarding the strategic review it announced last year. A
private equity buyout could be triggered off the back of this and the Spire
share price was up 15%, although with The Times reporting that any deal
could be worth as much as £1.5bn, there’s the potential to be more in the tank,
here.
FTSE-250 listed gold miner Pan African Resources issued an operational
update for the six months to December this morning. The company reported a
significant 51% increase in gold production, with momentum set to continue in
the second half and the business on track to meet full year guidance.
Management note the success reflets the strategy of focusing on high margin
operations, although conceded that costs were higher than guided. The Pan
African share price was up 5% in early trade.
Sir Martin Sorrell’s digital advertising business saw its
shares jump higher on Monday, following the publication of a Q4
trading update. This saw full year revenues running higher than had been
forecast, whilst the company is also making great progress in terms of debt
repayment, with leverage far lower than expected. A dividend is also
recommended, adding to the confident outlook and the S4 share price was up 36%
as a result.
Most read news on Investegate this morning
Statement regarding media speculation - - Spire Healthcare Group (SPI)
Molaoi Drilling Update - - Rockfire Resources (ROCK)
