SHAREtrack buoyed by Huntleigh takeover
The SHAREtrack 100, in association with Pricewaterhouse-Coopers, rose just under one per cent this week to 6442.5, buoyed by the agreed takeover of Huntleigh Technology.
Rebased to the FTSE 100 when it was launched at the beginning of October, the SHAREtrack 100 is already 4.6 per cent higher, with the FTSE closing the week out at 6159.8. The techMark also had a good week, up 2.3 per cent, while the NASDAQ fell back marginally at 0.2 per cent.
Getinge’s recommended cash offer for Luton-based Huntleigh, worth 480p per share, valued the medical equipment manufacturer at £409m.
The news sent the company’s shares up over 26 per cent for the week, making it the Index’s best performer.
The next two biggest risers were Pursuit Dynamics up 15.5,on the back of news that it will be cashflow positive by the end of the current year and Cambridge Display Technology, up 13 per cent, and also recovering from recent falls.
Both ITM Power and Amino have had better weeks, both down a fraction over 11 per cent. Neither company made a notable announcement over the course of the week, with wider sectoral factors taking their toll.