Ten Entertainment Group (LON: TEG) is the biggest riser on the London market after it agreed a 412.5p/share cash bid from Neon Buyer, which is owned by funds advised by Trive Capital Partners. The bid is one-third higher than the previous day’s closing price. It values the ten-pin bowling sites operator at £287m. The takeover […] The post Ten Entertainment recommends £297m bid appeared first on UK Investor Magazine ..read more

Oil and gas producer Wentworth Resources (LON: WEN) is hopeful that the 32.5p/share bid by Maurel & Prom could go ahead by 21 December. That could prove optimistic. The bidder is in talks with the Tanzanian authorities to gain the approvals required to complete the acquisition. The share price moved back up 25.8% to 30.5p. […] The post AIM movers: Hope that Wentworth Resources bid will go ahead and Tintra suspended appeared first on UK Investor Magazine ..read more

The FTSE 100 was trading with a positive tone on Wednesday after a solid Asian session helped European stocks open higher, and investors await vital jobs data from the US. The FTSE 100 was 0.45% higher at the time of writing and is 1.4% higher over the past five trading sessions. Optimism around interest rates […] The post FTSE 100 gains as interest rate optimism builds momentum, British American Tobacco sinks appeared first on UK Investor Magazine ..read more

Semiconductors developer CML Microsystems (LON: CML) published interims that show modest growth in revenues and flat profit after acquisition costs. The share price has fallen by one-quarter so far this year, but the balance sheet is strong, and the business is outperforming its markets. These addressable markets are worth more than $1bn. CML Microsystems is […] The post Is it time to start buying CML Microsystems? appeared first on UK Investor Magazine ..read more

The FTSE 100 declined on Tuesday as markets braced for US economic data with the potential to shift expectations of when the Federal Reserve will first cut rates. A weak session in US stocks overnight spilt over into the European session, with the FTSE 100 trading down 0.7% at the time of writing. “The FTSE […] The post FTSE 100 slips ahead of US employment data, China debt warning hits miners appeared first on UK Investor Magazine ..read more

Cancer treatments developer ValiRx (LON: VAL) has entered into an exclusive option agreement to licence VAL401 with Ambrose Healthcare. The option lasts for 12-months. A fee in the form of Ambrose Healthcare shares has been paid and there are milestone payments of up to £16m plus royalties. The share price jumped 24.1% to 12.25p. Condor […] The post AIM movers: ValiRx licence deal and tinyBuild running out of money appeared first on UK Investor Magazine ..read more

A UK-based travel company On the Beach has experienced record trading in 2023 Financial Year, the company reported on Tuesday. On the Beach shares were up +14.8%, trading at 134.8p at the time of writing. The company achieved record Group Total Transaction Value (TTV) as trading returned to normal after years of disruption due to […] The post On the Beach shares jump on record-breaking FY23 booking appeared first on UK Investor Magazine ..read more

Ashtead shares were slightly lower on Tuesday after the plant hire company said they enjoyed a record first half, but earnings were flat in Q2. Today’s update comes after a recent warning on profit due to slower activity in their film and TV business in the US. Ashtead’s revenue for the first half of this […] The post Ashtead shares fall despite record first-half performance appeared first on UK Investor Magazine ..read more

Shares in energy infrastructure services provider Petrofac (LON: PFC) have risen 26% to 21.44p on the back of news that it is considering how to strengthen the balance sheet. It requires short-term liquidity, while it tries to satisfy the orders it has won. Anticipated cash inflows are not likely to happen this year. Aidan de […] The post Petrofac shares rise despite cash requirements appeared first on UK Investor Magazine ..read more

Payments services provider Cornerstone FS (LON: CSFS) is the best performer on the day after another positive trading statement. The share price jumped 28.3% to 14.75p. The pre-tax profit forecast has been upgraded from £100,000 to £700,000 with £1.2m forecast for 2024. Cornerstone FS should move to a net cash position during 2024. The number […] The post AIM movers: Another positive trading statement from Cornerstone FS and Bezant Resources fundraising appeared first on UK Investor Magazine ..read more