MARKET REPORT: Bunzl buys McCue Corp and MedShop as spree continues

market report bunzl buys mccue corp and medshop as spree continues

Sumary of MARKET REPORT: Bunzl buys McCue Corp and MedShop as spree continues:

  • Stock Watch – Portmeirion Portmeirion, the maker of Royal Worcester porcelain, climbed sharply after it reported a record set of half-year results.
  • Kape Technologies, a privacy software firm controlled by Cypriot-Israeli gambling tycoon Teddy Sagi, jumped 14.3 per cent, or 50.5p, to 404p after a deal to acquire virtual private network outfit Express VPN for £676million.
  • Printer ink maker Xaar slid 13.8 per cent, or 31.4p, to 195.6p after a disappointing result.
  • Electric meter maker Smart Metering Systems also tumbled 13.7 per cent, or 140p, to 884p after completing a discounted fundraising to support its growing pipeline of orders.

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