Strong results from Micro Focus, and a rally among mining stocks, drove Britain FTSE 100 higher on while Crest Nicholson and mid-cap pub companies suffered sharp losses.
Elliott Capital Advisors L.P on Monday disclosed a 5.1 percent stake in British software firm Micro Focus International Plc (MCRO.L).
A plunge in software firm Sage’s (SGE.L) shares put pressure on Britain’s top share index, while a rising pound weighed on big overseas earners.
A plunge in Micro Focus’ share price on a gloomy revenue outlook sent the UK’s stocks down to a 2-week low, with weakness in commodities-related sectors adding pressure.
Micro Focus plummeted 40 percent to a three-year low after it cut its annual revenue forecast and its CEO quit.
A raft of well-received updates and a recovery in resources stocks helped European shares rebound early on Tuesday from the previous session's slight losses.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr