		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/bid-speculation-fails-to-lift-ftse.jpg"><img class="alignnone size-full" title="The FTSE 100 Index was down 0.8 points at 5744.5" src="http://londonglossy.com/wp-content/uploads/2010/12/min-bid-speculation-fails-to-lift-ftse.jpg" alt="The FTSE 100 Index was down 0.8 points at 5744.5"/></a></p>
<p>A raft of stocks saw shares surge ahead on news of takeover interest from opportunistic bidders.</p>
<p>Banknote printer De La Rue and outsourcing firm Mouchel raced higher as they confirmed approaches following their recent stock market woes.</p>
<p>Pub group Punch Taverns was also making strong gains in the second tier after weekend reports of a potential private equity bid, although the FTSE 100 Index failed to make headway &#8211; down 0.8 points at 5744.5.</p>
<p>Supermarket Tesco was the leading Footsie faller with a 2% drop after broker UBS downgraded the group citing expectations for growth to slow over the next 10 years.</p>
<p>Shares in the retail giant, which reports back on third quarter figures on Tuesday, dropped 10.2p to 416.7p.</p>
<p>But much of the focus was outside the blue chip index due to takeover moves.</p>
<p>De La Rue was top of the FTSE 250 risers board &#8211; up 23% or 152p to 799.5p &#8211; after it confirmed an approach, thought to be from French rival Oberthur Technologies for around £750 million.</p>
<p>Punch followed it with a gain of 5.3p to 70.3p in the wake of a report suggesting CVC Capital Partners was preparing to bid for the group.</p>
<p>And outsourcing firm Mouchel was 32% higher, up 19p to 75.5p, as it said it had received a number of approaches after recent hefty share price falls on financial fears.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69e3bfa53bbef">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69e3bfa53bbef',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
