Although the revenue figure came in ahead of consensus forecasts, investors should not get carried away -- this is only the first-quarter period and there is still a long way to go. |
The consolidation story across the industry is certainly growing. Although there's no speculation on Legal & General at the moment, its very strong UK market share could put it in the firing line. |
The positive share price reaction is a result of investor perception that the sum of the parts is worth more than the current combined businesses. |
The... acquisition of the Birthdays chain of stores is compounding what are without doubt the most challenging trading conditions the group has seen in years. |
There is likely to be much deliberation over such a bid and it is almost unthinkable that the U.K. government would not become involved. |
This looks to be a clever and unexpected move by the Nasdaq exchange. |
Today's fall. . . is as much about profit taking as it is to do with the cautious outlook statement. |
Today's in-line figures mark an interesting contrast with the above forecast results received recently from rival Legal and General -- where improved UK business underpinned well-received figures. |
We certainly had very good levels of interest from private clients. |
While market expectation is that it will eventually lead to a full blown takeover, it could in the medium term prove to be a negotiating tactic - the board of the London Stock Exchange now have to think again with regards to their possible future while Nasdaq has effectively left itself with a big say in any future developments. |