Market News - Page 757

Klépierre S.A. (“Klépierre”) confirms that on 9 April 2018, Jean-Marc Jestin, the Chairman of the Executive Board of Klépierre, met with the Chairman of the Board of Directors of Hammerson, David Tyler, and made an increased proposal to Hammerson on a standalone basis of 635 pence per Hammerson share for the entire issued and to be issued share capital of Hammerson (the “Increased Proposal”).

The Increased Proposal represents a premium of 45% to Hammerson's undisturbed share price of 437.10 pence per Hammerson share on 16 March 2018.

The Board of Hammerson did not provide any meaningful engagement with respect to the Increased Proposal and, after careful consideration, Klépierre has concluded that it does not intend to make an offer for Hammerson pursuant to Rule 2.7 of the City Code on Takeovers and Mergers (the “Code”).
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Scapa Group plc (AIM: SCPA) a global supplier of bonding solutions and manufacturer of adhesive-based products for the healthcare and industrial markets,  is today providing an unaudited year end update for the twelve months ended 31 March 2018.  
Financial Highlights:
Revenue grew 4.3% to £291.5m (2017: £279.6m); 3.1% constant fx
Trading profit* increased 18.2% to £34.5m (2017: £29.2m); 17.3% constant fx
Trading profit* margins further improved to 11.8% (2017: 10.4%)
Adjusted earnings per share** increased 23.0% to 18.2p (2017: 14.8p)
Basic earnings per share of 15.4p (2017: 11.6p)
Net debt of £3.8m (2017: £16.1m) after paying US$18.6m (£13.3m) for the acquisition of BioMed Laboratories LLC and US$10.2m (£7.6m) for the acquisition of Markel Industries
Final dividend increased 20.0% to 2.4p (2017: 2.0p)
Pension deficit reduced to £21.0m (2017: £31.4m)
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M.P.Evans Group PLC (“MP Evans”, “the Group” or “the Company”), a producer of sustainable Indonesian palm oil, announces its results for the year ended 31 December 2017.

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The Chicago Stock Exchange (CHX) announced today the entry into a definitive agreement to be acquired by Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”), a leading operator of global exchanges and clearing houses and provider of data and listings services and parent company of the New York Stock Exchange.
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Vodafone UK has acquired 50 MHz of spectrum in the 3400 MHz band for mobile data services in Ofcom's auction for a total cost of £378.2 million (€433.4 million)….

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors, announces its pre-close trading statement for the half year ended 31 March 2018 (the 'period')….

Treatt, the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance, beverage and consumer product industries today publishes a trading update for the half year ended 31 March 2018….

James Halstead plc (“James Halstead”) notes the recent movement in the share price of Airea plc (“Airea”) and confirms that the Board of directors of James Halstead (the “Board”) is at the very early stages of evaluating making an offer for Airea which could lead to an offer being made for the entire issued and to be issued share capital of Airea (the “Possible Offer”)….