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Rotork announced on Thursday that it had agreed to be taken over by ABB, which will pay 506p per share in cash. This comprises 503p and a dividend of up to 3p. Deutsche said the offer "looks compelling". "We've long argued the value within Rotork has been unrecognised, especially under Growth+ during which EPS has grown more than 50% and the shares have until today been negative under the CEO's tenure," DB said.

Sharecast / Christian Lue via Unsplash European stocks closed mostly lower on Friday as a sharp technology sell-off across Asian markets and rising oil prices fuelled risk-off sentiment. The Stoxx 600 fell 0.41% to 641.09, Germany’s DAX declined 0.35% to 24,828.12 and France’s CAC 40 lost 0.47% to 8,338.81, while London’s FTSE 100 gained 0.27% to 10,600.37.

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: Obtains access to the information in a personal capacity; Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or...

London's blue chips rose for the second day on Friday, settling above the 10,600 mark for the first time in eight sessions, though gains were modest as sell-offs across global equity markets dampened sentiment. The FTSE 100 finished up 0.3% at 10,600.37, ending the week around 1% higher after rising in four of the past five days.

Monday will bring the release of eurozone construction output figures for May. On Tuesday, interim results from Mony Group and trading updates from caterer Compass and construction group Kier will be out. In the US, quarterly results are due from 3M, General Motors and Halliburton. On the macroeconomic front, there will be a raft of UK data releases, with the unemployment rate, claimant count, average earnings and the latest public sector net borrowing figures all due.

Production was below budget after crushing circuit maintenance and breakdowns reduced plant feed in May, although throughput recovered in June and additional mining equipment improved activity at the Ngoualana open pit. The project completed a third shipment of about 20,400 tonnes, with an indicative price of $2,304 per tonne and an interim payment of $34.4m already received, while a fourth shipment of roughly 24,200 tonnes departed Côte d’Ivoire on 11 July.

The survey's headline index of consumer sentiment improved to 54.4 this month, from 49.5 in June, coming in comfortably ahead of the consensus forecast of 51.0. The gauge slumped to its lowest-ever reading of 44.8 in May as oil prices hit four-year highs amid an escalation of conflict across the Middle East. However, confidence has improved markedly over recent months as energy price growth eased considerably.

Eurowag tumbled after TA Associates sold 30 million shares in the payments processor in a placing. Bridgepoint shot up as it posted a 12.4% jump in half-year assets under management and a 32.7% increase fee paying AUM. FTSE 250 (MCX)23,581.43-0.57% FTSE 250 - Risers Ocado Group (OCDO)169.40p6.78% Bridgepoint Group (Reg S) (BPT)326.00p3.82% Harbour Energy (HBR)233.20p3.28% Partners Group Private Equity Limited.

Responding to press speculation, the company said: "The group's focus remains on executing its strategy, building on the positive momentum in Q1 2026 and delivering the material improvement in financial performance expected in FY 2026, whilst ensuring sufficient liquidity to enable this." It added that any further announcements will be made if and when required.