Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. Wood Group: revised takeover terms proposed by Sidara
Wood Group LON:WG. provided an update on the takeover offer that the company has been considering. A proverbial spanner was thrown into the works on this at the end of March after accounting issues surfaced, resulting in Sidara this morning making a possible offer of 35p per share plus a $450m cash injection, subject to Wood Group extending borrowing facilities.
There’s still a decent bid premium there compared to Friday’s close, but it’s worth bearing in mind that over the last couple of years Wood Group management have rebutted offers north of £2 per share.
2. Full year results from Aquis show market share growth
Exchange operator Aquis LON:AQX delivered full year results this morning with gross revenues broadly flat, whilst adjusted pre-tax profits fell to £1.1m. That news comes against well reported macroeconomic headwinds and it’s also noted that the exchange managed to marginally increase its market share during the period. The takeover from SIX Exchange continues to progress with only some regulatory approvals still outstanding.
3. Argo Blockchain deal with Gem Mining sidelined
A short note from Argo Blockchain LON:ARB updates the market on financing, noting that the structure announced in March 2025 is no longer progressing, Other financing discussions are ongoing but given the muted response this news delivered in the first place, should today’s reaction have much impact?
