Three things you need to know as the UK financial markets open, from Tony Cross.
#1. Gamma signals move from AIM to LSE main board
Not too much news on the go this morning but an interesting update from AIM listed Gamma Communications LON:GAMA insofar as the company is now looking at migrating its listing onto the main board of the London Stock Exchange. The justification being given is that it will further enhance the Company’s reputation and support market penetration as Gamma continues to grow in different jurisdictions.
#2. Bigger is better as Begbies Traynor expands with latest acquisition
Insolvency specialists Begbies Traynor LON:BEG have this morning advised the market that they completed the acquisition of White Maud Insolvency Practitioners. There’s no further detail here but this sees the company’s existing Brighton office headcount grow by a further four staff.
#3. Topps Tiles reacts to media reports
Topps Tiles LON:TPT published full year results last week noting growing share in a contracting market, but weekend media reports have rounded on the company with suggestions that major shareholders are seeking a boardroom shakeup. That’s lead the company to publish a statement this morning reiterating the strengths in the results and also outlining the ongoing shareholder engagement strategy. There was certainly no significant adverse impact on the share price, but will this media spat spook investors?
