44finance irish daily mail, wednesday, march 23, 2016 ...s3-eu-west-1.amazonaws.com ›...

1
44 Irish Daily Mail, Wednesday, March 23, 2016 FINANCE&PROPERTY For indicative use only US$1.1212 0.0059t £0.78790 0.00487Tourist rates Aus $ 1.43 Can $ 1.42 Sw Fr 1.05 Cz Koruna 26.08 Den Kr 7.23 UK £ 0.76 Jpn ¥ 122.09 NZ $ 1.61 SA R 16.61 US $ 1.09 IF you’re in with the bricks it means that you’re well settled somewhere. The owners of today’s property have taken it quite literally, with bricks a promiment feature in their sunroom. No. 17 Effra Road is a Victorian red- brick terraced house which includes wonderful period features including bay window and marble fireplace. There are four bedrooms, three bath- rooms and two reception rooms. The front garden is as fine example of wrought-iron craftsmanship, is laid in lawn with mature flowerbeds and shrubbery. The split level rear garden measures 30ftx23ft wide and has a southerly aspect. There is open viewing today from 5.45pm-6.15pm. The agents are Finnegan Menton. Contact (01) 6147900. Settle down in this Victorian redbrick Property Staff 17 Effra Road, Rathmines, Dublin 6 FOR SALE €770,000 Telephone: 01 256 0838 Email: [email protected] €130,000 WHAT’S SOLD Myhome.ie/priceregister is an easy guide to all the best in market prices Rochfortbridge, Co. Westmeath NO. 52 Castlelost Vale is a three-bed bungalow in a popular estate. The master bedroom is ensuite. The garden is low maintenance and there is a decent patio. Blanchardstown, Dublin 15 NO. 39 St Brigid’s Park is a three-bed end-of- terrace house with very large southeast facing rear garden with patio area. It is close to all amenities. Mount Merrion, Co. Dublin NO. 7 Mather Road is a three-bed bungalow within a short commute of the city centre. This property has a conservatory and the front and rear garden is almost one fifth of an acre. €260,000 €685,000 Iseq briefing: Closed at 6,178.95 down 2.26 Price Var High Low Price Var High Low Price Var High Low Price Var High Low Abbey 14.67 -0.33 17.47 11.55 Alld Irish Banks 0.04 - 0.10 0.04 Aminex 0.02 - 0.03 0.02 Applegreen 4.45 -0.15 5.80 4.41 Aryzta 36.23 +0.43 64.40 33.24 Bank Of Ireland 0.26 - 0.39 0.24 C&C Gp 3.92 +0.12 4.02 3.34 Conroy Gold & Natural Res 0.01 - 0.01 0.01 CPL Resources 5.98 - 6.60 5.35 CRH 24.69 +0.02 28.09 18.30 Dalata Hotel Gp 4.33 +0.03 5.50 4.23 Datalex 2.96 +0.09 3.25 1.69 Donegal Investment Group 5.25 - 6.10 5.00 Fastnet Equity 0.04 - 0.04 0.03 FBD Holdings 6.63 +0.23 10.56 5.28 First Derivatives 19.20 - 22.43 15.40 Fyffes 1.36 -0.03 1.60 1.16 Glanbia 18.03 +0.03 19.45 15.66 Great Western Min 0.00 - 0.02 0.00 Hibernia REIT 1.35 +0.02 1.43 1.17 Hostelworld Gp 3.14 - 3.14 2.66 IFG Gp 2.03 +0.09 2.35 1.85 Ind News & Med 0.16 -0.01 0.20 0.15 Irish Contl Gp 5.22 +0.07 28.46 4.46 Irish Res Prop 1.10 +0.01 1.24 1.04 Karelian Diamond Res 0.01 - 0.04 0.01 Kenmare Res 0.01 - 0.06 0.00 Kerry Gp 80.24 -0.18 80.90 62.30 Kingspan Gp 22.32 +0.32 51.54 17.35 Mainstay Medical 16.92 - 18.50 16.92 Malin 12.43 +0.10 12.50 10.32 Merrion Pharma 0.12 -0.02 0.40 0.12 Mincon Group 0.70 - 0.80 0.62 Origin Enterpr 6.41 +0.01 8.61 6.22 Ormonde Mining 0.02 - 0.05 0.01 Ovoca Gold 0.06 - 0.10 0.04 Paddy Power 142.75 - 142.75 76.75 Permanent TSB Group 2.82 +0.02 5.34 0.06 Petroceltic Intl 0.14 - 0.71 0.07 Petroneft Res 0.03 - 0.07 0.02 Prime Active Cap 0.08 - 0.09 0.04 Providence Res 0.19 - 0.45 0.13 Ryanair Holdings 13.39 -0.30 15.35 10.55 Smurfit Kappa 21.90 -0.28 29.60 16.03 Total Produce 1.54 +0.02 1.58 1.09 UTV Media 2.41 - 2.60 2.00 Zamano 0.14 - 0.17 0.10 FTSE100 6192.74 8.16 0.13% H:7122.74 L:5499.51 1.42 £/$ FTSE250 16903.93 41.10 0.24% H:18393.16 L:15142.31 £ FTSEAllShare 3402.24 5.29 0.16% H:4031.95 L:3031.01 1.2663 DOW 17582.57 41.30 0.23% H:18351.36 L:15370.33 Touri NIKKEI 17048.55 323.74 1.94% H:20952.71 L:14865.77 ates DAX 9990.00 41.36 0.42% H:12390.75 L:8699.29 HANGSENG 20666.75 17.40 0.08% H:28588.52 L:18278.80

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Page 1: 44finance Irish Daily Mail, Wednesday, March 23, 2016 ...s3-eu-west-1.amazonaws.com › mediamaster-s3eu › c › 9 › c9... · 44finance &propertyIrish Daily Mail, Wednesday, March

44 Irish Daily Mail, Wednesday, March 23, 2016

finance&property

For indicative use only

US$1.1212 0.0059t

£0.78790 0.00487▲€

Tourist ratesAus $ 1.43Can $ 1.42Sw Fr 1.05Cz Koruna 26.08Den Kr 7.23UK £ 0.76Jpn ¥ 122.09NZ $ 1.61SA R 16.61US $ 1.09

IF you’re in with the bricks it means that you’re well settled somewhere.

The owners of today’s property have taken it quite literally, with bricks a promiment feature in their sunroom.

No. 17 Effra Road is a Victorian red-brick terraced house which includes wonderful period features including bay window and marble fireplace. There are four bedrooms, three bath-rooms and two reception rooms.

The front garden is as fine example of wrought-iron craftsmanship, is laid in lawn with mature flowerbeds and shrubbery. The split level rear garden measures 30ftx23ft wide and has a southerly aspect.

There is open viewing today from 5.45pm-6.15pm.

The agents are Finnegan Menton. Contact (01) 6147900.

Settle down in thisVictorian redbrick

Property Staff

17 Effra Road, Rathmines, Dublin 6FOR SALE

€770,000

Telephone: 01 256 0838 Email: [email protected]

€130,000

whAt’S SOLD Myhome.ie/priceregister is an easy guide to all the best in market prices

Rochfortbridge, Co. westmeathNO. 52 Castlelost Vale is a three-bed bungalow in a popular estate. The master bedroom is ensuite. The garden is low maintenance and there is a decent patio.

Blanchardstown, Dublin 15NO. 39 St Brigid’s Park is a three-bed end-of-terrace house with very large southeast facing rear garden with patio area. It is close to all amenities.

Mount Merrion, Co. DublinNO. 7 Mather Road is a three-bed bungalow within a short commute of the city centre. This property has a conservatory and the front and rear garden is almost one fifth of an acre.

€260,000 €685,000

Iseq briefing: Closed at 6,178.95 down 2.26Price Var High LowPrice Var High Low Price Var High Low Price Var High Low

Abbey 14.67 -0.33 17.47 11.55Alld Irish Banks 0.04 - 0.10 0.04Aminex 0.02 - 0.03 0.02Applegreen 4.45 -0.15 5.80 4.41Aryzta 36.23 +0.43 64.40 33.24Bank Of Ireland 0.26 - 0.39 0.24C&C Gp 3.92 +0.12 4.02 3.34Conroy Gold & Natural Res 0.01 - 0.01 0.01CPL Resources 5.98 - 6.60 5.35CRH 24.69 +0.02 28.09 18.30Dalata Hotel Gp 4.33 +0.03 5.50 4.23Datalex 2.96 +0.09 3.25 1.69

Donegal Investment Group 5.25 - 6.10 5.00Fastnet Equity 0.04 - 0.04 0.03FBD Holdings 6.63 +0.23 10.56 5.28First Derivatives 19.20 - 22.43 15.40Fyffes 1.36 -0.03 1.60 1.16Glanbia 18.03 +0.03 19.45 15.66Great Western Min 0.00 - 0.02 0.00Hibernia REIT 1.35 +0.02 1.43 1.17Hostelworld Gp 3.14 - 3.14 2.66IFG Gp 2.03 +0.09 2.35 1.85Ind News & Med 0.16 -0.01 0.20 0.15Irish Contl Gp 5.22 +0.07 28.46 4.46

Irish Res Prop 1.10 +0.01 1.24 1.04Karelian Diamond Res 0.01 - 0.04 0.01Kenmare Res 0.01 - 0.06 0.00Kerry Gp 80.24 -0.18 80.90 62.30Kingspan Gp 22.32 +0.32 51.54 17.35Mainstay Medical 16.92 - 18.50 16.92Malin 12.43 +0.10 12.50 10.32Merrion Pharma 0.12 -0.02 0.40 0.12Mincon Group 0.70 - 0.80 0.62Origin Enterpr 6.41 +0.01 8.61 6.22Ormonde Mining 0.02 - 0.05 0.01Ovoca Gold 0.06 - 0.10 0.04

Paddy Power 142.75 - 142.75 76.75Permanent TSB Group 2.82 +0.02 5.34 0.06Petroceltic Intl 0.14 - 0.71 0.07Petroneft Res 0.03 - 0.07 0.02Prime Active Cap 0.08 - 0.09 0.04Providence Res 0.19 - 0.45 0.13Ryanair Holdings 13.39 -0.30 15.35 10.55Smurfit Kappa 21.90 -0.28 29.60 16.03Total Produce 1.54 +0.02 1.58 1.09UTV Media 2.41 - 2.60 2.00Zamano 0.14 - 0.17 0.10

Page 76 Ireland Standby-NewsDaily Mail, Wednesday, March

Is baby bottle maker the next to fall to Chinese?

byEtainLavelle

market reportPRIVATE equity group 3i offered a glimmer of bid interest in a session otherwise overshadowed by the events in Brussels.

It was up 9.2p at 457.5p on gather-ing speculation it is about to unload its Mayborn business – best known as the parent company of Tommee Tippee baby essentials – to CDH, a Chinese private equity group.

Sources close to the deal said it is expected to close in the next cou-ple of weeks and is likely to see the 50-year-old UK brand valued at between £280m and £300m.

3i appointed Baird, the boutique investment bank, to undertake a review of the business early in the autumn. 3i took Mayborn private in 2006 and has since overseen rapid international expansion of the brand, and a launch in the US. Among the interested parties reported to have come forward so far are Mattel, the US owner of Barbie dolls, Carlyle, Cinven and Montagu. Last month, Bloomberg reported that China’s Goodbaby International Holdings is also con-sidering a bid. 3i and Baird refused to comment when contacted by the Mail.

The blue-chip index was awash

with red in early trading as inves-tors fled travel, hotel and leisure stocks following the terrorist attacks in Brussels, and sought out traditional safe havens. Still, the FTSE 100 index managed to claw its way back into positive territory by the end of the session, closing 8.16 points up at 6192.74 as inves-tors switched into the relative safety of defensive stocks.

Star fund manager Neil Woodford gave a boost to start-up healthcare

stocks when he ditched plans to raise more capital and instead vowed to increase his focus on early-stage companies. His investment trust, The Woodford Patient CapitalTrust, which raised £800m last year when it listed, said the change in strategy will now allow up to 70pc of investment for early stage com-panies – even those not listed – up from around 50pc previously. It will also reduce its investment in mid and large-cap stocks. Shares rose 3.05p to 91.55p.

Woodford’s trust has a holding in technology firm Allied Minds which rose 22.4p to 450.5p. And such is Woodford’s influence in the markets that it gave a kick to other heath-care funds, with Worldwide Health-care Trust climbing 60p to 1720p.

Technology firm Micro FocusInternational has snapped up US-based Serena Software in a £380m deal and placed new shares to

fund the deal. Shares climbed 71p to 1537p.

Chemicals group Johnson Mat-they led the advance with gains of 77p to 2676p, while pharmaceutical group Shire continued to rebound, with gains of 100p to 3942p.

Financial spread-betting com-pany IG Group (up 47.5p to 803p) was boosted by increased volatility in global markets during the third quarter, which pushed its results 18pc higher and sparked a price target increase to 850p from 780p by analysts at Barclays.

Among small caps stocks, John-ston Press jumped 14.63pc or 6p to 47p after announcing its first set of results since acquiring the i news-paper. The media group – owner of regional newspapers including The Yorkshire Post and The Scotsman – reported a 22.6pc rise in adjusted pretax profits thanks to rigorous cost-cutting.

ShareS in drug discovery and development company e-Therapeutics soared more than 11pc as its boss hailed potential ‘game-changers’ in cancer treatment. Investors brushed off a widening of losses – from £10.2m to £11.6m last year – to send the stock up 1.38p to 13.75p. But shares remain well down on a year ago when they were changing hands for more than 40p. Chief executive Professor Malcolm Young hailed a ‘very productive year’ for the company which has doubled the number of new drugs it is working on to 12.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J J S O DN J F MA M A

45

35

40

25

15

30

20

10

Close:13.75p

e-Therapeutics

stock watch

÷ as part of our new look, we’ve updated our share listings. From today we just include the share prices of Britain’s 350 biggest stock market listed companies – that’s all the firms in the FTSe 100 and the FTSe 250.

It means that a number of companies weused to feature no longer appear. You can search for the latest share price of anyUK listed company at our website:www.thisismoney.co.uk/shares

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6192.74

8.160.13%

H:7122.74� L:5499.51

16903.9341.100.24%

H:18393.16� L:15142.31

3402.245.290.16%

H:4031.95� L:3031.01

17582.5741.300.23%

H:18351.36� L:15370.33

17048.55323.741.94%

H:20952.71� L:14865.77

20666.7517.400.08%

H:28588.52� L:18278.80

9990.0041.360.42%

H:12390.75� L:8699.29

$41.73$0.39perbarrel

H: 41.73� L: 27.88

$1247.74$3.61troyoz

H: 1271.06� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . . 1.79Can$ . . . . . . . . 1.79

DenKr. . . . . . 9.04Euro€ . . . . . . . 1.22

Jpn¥ . . . . .152.48NZ$. . . . . . . . . .1.98

SAR. . . . . . . .20.53SwFr. . . . . . . . .1.32

Turkl. . . . . . . . 3.90US$. . . . . . . . . . 1.37

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.4217 0.0185

HIGH: 1.5882 LOW: 1.3868

£/$ £/€ 1.2663 0.0127

HIGH: 1.4399 LOW: 1.2642

IG 803.00p 6.29%Allied Minds 450.50p 5.23%Micro Focus 1537.00p 4.84%Worldwide Health 1720.00p 3.61%Woodfd Pat Cap 91.55p 3.45%

Broker optimismHealth stock rallyTakeover bidHealth stock rallyNew fund strategy

Sports Direct 379.20p 10.52%Thomas Cook 88.55p 4.27%Evraz 87.30p 4.07%Sophos Group 220.20p 3.42%Euromoney Inst 876.50p 3.15%

top RiseRs closing dailyprice change reason

top FaLLeRs closing dailyprice change reason

Ashley commentsTerror fearsMining slowdownBroker warningBroker says hold

high Low

BaNKS +1.1%

BUILDING +0.7%

BUSINeSS SerVICeS -0.1%

CheMICaLS +1.6%

DrINKS +0.4%

eLeCTrONICS +0.6%

eNGINeerING 0.0%

FINaNCIaL COMPaNIeS +0.9%

FOOD MaNUFaCTUrING +0.3%

heaLTh +0.8%

INDUSTrIaLS +0.2%

INSUraNCe -0.3%

INVeSTMeNT TrUSTS +0.2%

IT & INTerNeT +1.6%

IT harDWare +0.7%

LeISUre -0.6%

MeDIa +0.6%

MINING -0.1%

OIL & GaS +0.5%

PharMaCeUTICaLS +1.0%

POWer & WaTer -0.6%

PrOPerTY -0.7%

reTaILerS 0.0%

TeLeCOMS -0.1%

TraNSPOrT -0.6%

high Low

high Low high Low high Low high Low

high Low

Page 76 Ireland Standby-NewsDaily Mail, Wednesday, March

Is baby bottle maker the next to fall to Chinese?

byEtainLavelle

market reportPRIVATE equity group 3i offered a glimmer of bid interest in a session otherwise overshadowed by the events in Brussels.

It was up 9.2p at 457.5p on gather-ing speculation it is about to unload its Mayborn business – best known as the parent company of Tommee Tippee baby essentials – to CDH, a Chinese private equity group.

Sources close to the deal said it is expected to close in the next cou-ple of weeks and is likely to see the 50-year-old UK brand valued at between £280m and £300m.

3i appointed Baird, the boutique investment bank, to undertake a review of the business early in the autumn. 3i took Mayborn private in 2006 and has since overseen rapid international expansion of the brand, and a launch in the US. Among the interested parties reported to have come forward so far are Mattel, the US owner of Barbie dolls, Carlyle, Cinven and Montagu. Last month, Bloomberg reported that China’s Goodbaby International Holdings is also con-sidering a bid. 3i and Baird refused to comment when contacted by the Mail.

The blue-chip index was awash

with red in early trading as inves-tors fled travel, hotel and leisure stocks following the terrorist attacks in Brussels, and sought out traditional safe havens. Still, the FTSE 100 index managed to claw its way back into positive territory by the end of the session, closing 8.16 points up at 6192.74 as inves-tors switched into the relative safety of defensive stocks.

Star fund manager Neil Woodford gave a boost to start-up healthcare

stocks when he ditched plans to raise more capital and instead vowed to increase his focus on early-stage companies. His investment trust, The Woodford Patient CapitalTrust, which raised £800m last year when it listed, said the change in strategy will now allow up to 70pc of investment for early stage com-panies – even those not listed – up from around 50pc previously. It will also reduce its investment in mid and large-cap stocks. Shares rose 3.05p to 91.55p.

Woodford’s trust has a holding in technology firm Allied Minds which rose 22.4p to 450.5p. And such is Woodford’s influence in the markets that it gave a kick to other heath-care funds, with Worldwide Health-care Trust climbing 60p to 1720p.

Technology firm Micro FocusInternational has snapped up US-based Serena Software in a £380m deal and placed new shares to

fund the deal. Shares climbed 71p to 1537p.

Chemicals group Johnson Mat-they led the advance with gains of 77p to 2676p, while pharmaceutical group Shire continued to rebound, with gains of 100p to 3942p.

Financial spread-betting com-pany IG Group (up 47.5p to 803p) was boosted by increased volatility in global markets during the third quarter, which pushed its results 18pc higher and sparked a price target increase to 850p from 780p by analysts at Barclays.

Among small caps stocks, John-ston Press jumped 14.63pc or 6p to 47p after announcing its first set of results since acquiring the i news-paper. The media group – owner of regional newspapers including The Yorkshire Post and The Scotsman – reported a 22.6pc rise in adjusted pretax profits thanks to rigorous cost-cutting.

ShareS in drug discovery and development company e-Therapeutics soared more than 11pc as its boss hailed potential ‘game-changers’ in cancer treatment. Investors brushed off a widening of losses – from £10.2m to £11.6m last year – to send the stock up 1.38p to 13.75p. But shares remain well down on a year ago when they were changing hands for more than 40p. Chief executive Professor Malcolm Young hailed a ‘very productive year’ for the company which has doubled the number of new drugs it is working on to 12.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J J S O DN J F MA M A

45

35

40

25

15

30

20

10

Close:13.75p

e-Therapeutics

stock watch

÷ as part of our new look, we’ve updated our share listings. From today we just include the share prices of Britain’s 350 biggest stock market listed companies – that’s all the firms in the FTSe 100 and the FTSe 250.

It means that a number of companies weused to feature no longer appear. You can search for the latest share price of anyUK listed company at our website:www.thisismoney.co.uk/shares

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6192.74

8.160.13%

H:7122.74� L:5499.51

16903.9341.100.24%

H:18393.16� L:15142.31

3402.245.290.16%

H:4031.95� L:3031.01

17582.5741.300.23%

H:18351.36� L:15370.33

17048.55323.741.94%

H:20952.71� L:14865.77

20666.7517.400.08%

H:28588.52� L:18278.80

9990.0041.360.42%

H:12390.75� L:8699.29

$41.73$0.39perbarrel

H: 41.73� L: 27.88

$1247.74$3.61troyoz

H: 1271.06� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . . 1.79Can$ . . . . . . . . 1.79

DenKr. . . . . . 9.04Euro€ . . . . . . . 1.22

Jpn¥ . . . . .152.48NZ$. . . . . . . . . .1.98

SAR. . . . . . . .20.53SwFr. . . . . . . . .1.32

Turkl. . . . . . . . 3.90US$. . . . . . . . . . 1.37

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.4217 0.0185

HIGH: 1.5882 LOW: 1.3868

£/$ £/€ 1.2663 0.0127

HIGH: 1.4399 LOW: 1.2642

IG 803.00p 6.29%Allied Minds 450.50p 5.23%Micro Focus 1537.00p 4.84%Worldwide Health 1720.00p 3.61%Woodfd Pat Cap 91.55p 3.45%

Broker optimismHealth stock rallyTakeover bidHealth stock rallyNew fund strategy

Sports Direct 379.20p 10.52%Thomas Cook 88.55p 4.27%Evraz 87.30p 4.07%Sophos Group 220.20p 3.42%Euromoney Inst 876.50p 3.15%

top RiseRs closing dailyprice change reason

top FaLLeRs closing dailyprice change reason

Ashley commentsTerror fearsMining slowdownBroker warningBroker says hold

high Low

BaNKS +1.1%

BUILDING +0.7%

BUSINeSS SerVICeS -0.1%

CheMICaLS +1.6%

DrINKS +0.4%

eLeCTrONICS +0.6%

eNGINeerING 0.0%

FINaNCIaL COMPaNIeS +0.9%

FOOD MaNUFaCTUrING +0.3%

heaLTh +0.8%

INDUSTrIaLS +0.2%

INSUraNCe -0.3%

INVeSTMeNT TrUSTS +0.2%

IT & INTerNeT +1.6%

IT harDWare +0.7%

LeISUre -0.6%

MeDIa +0.6%

MINING -0.1%

OIL & GaS +0.5%

PharMaCeUTICaLS +1.0%

POWer & WaTer -0.6%

PrOPerTY -0.7%

reTaILerS 0.0%

TeLeCOMS -0.1%

TraNSPOrT -0.6%

high Low

high Low high Low high Low high Low

high Low

Page 76 Ireland Standby-NewsDaily Mail, Wednesday, March

Is baby bottle maker the next to fall to Chinese?

byEtainLavelle

market reportPRIVATE equity group 3i offered a glimmer of bid interest in a session otherwise overshadowed by the events in Brussels.

It was up 9.2p at 457.5p on gather-ing speculation it is about to unload its Mayborn business – best known as the parent company of Tommee Tippee baby essentials – to CDH, a Chinese private equity group.

Sources close to the deal said it is expected to close in the next cou-ple of weeks and is likely to see the 50-year-old UK brand valued at between £280m and £300m.

3i appointed Baird, the boutique investment bank, to undertake a review of the business early in the autumn. 3i took Mayborn private in 2006 and has since overseen rapid international expansion of the brand, and a launch in the US. Among the interested parties reported to have come forward so far are Mattel, the US owner of Barbie dolls, Carlyle, Cinven and Montagu. Last month, Bloomberg reported that China’s Goodbaby International Holdings is also con-sidering a bid. 3i and Baird refused to comment when contacted by the Mail.

The blue-chip index was awash

with red in early trading as inves-tors fled travel, hotel and leisure stocks following the terrorist attacks in Brussels, and sought out traditional safe havens. Still, the FTSE 100 index managed to claw its way back into positive territory by the end of the session, closing 8.16 points up at 6192.74 as inves-tors switched into the relative safety of defensive stocks.

Star fund manager Neil Woodford gave a boost to start-up healthcare

stocks when he ditched plans to raise more capital and instead vowed to increase his focus on early-stage companies. His investment trust, The Woodford Patient CapitalTrust, which raised £800m last year when it listed, said the change in strategy will now allow up to 70pc of investment for early stage com-panies – even those not listed – up from around 50pc previously. It will also reduce its investment in mid and large-cap stocks. Shares rose 3.05p to 91.55p.

Woodford’s trust has a holding in technology firm Allied Minds which rose 22.4p to 450.5p. And such is Woodford’s influence in the markets that it gave a kick to other heath-care funds, with Worldwide Health-care Trust climbing 60p to 1720p.

Technology firm Micro FocusInternational has snapped up US-based Serena Software in a £380m deal and placed new shares to

fund the deal. Shares climbed 71p to 1537p.

Chemicals group Johnson Mat-they led the advance with gains of 77p to 2676p, while pharmaceutical group Shire continued to rebound, with gains of 100p to 3942p.

Financial spread-betting com-pany IG Group (up 47.5p to 803p) was boosted by increased volatility in global markets during the third quarter, which pushed its results 18pc higher and sparked a price target increase to 850p from 780p by analysts at Barclays.

Among small caps stocks, John-ston Press jumped 14.63pc or 6p to 47p after announcing its first set of results since acquiring the i news-paper. The media group – owner of regional newspapers including The Yorkshire Post and The Scotsman – reported a 22.6pc rise in adjusted pretax profits thanks to rigorous cost-cutting.

ShareS in drug discovery and development company e-Therapeutics soared more than 11pc as its boss hailed potential ‘game-changers’ in cancer treatment. Investors brushed off a widening of losses – from £10.2m to £11.6m last year – to send the stock up 1.38p to 13.75p. But shares remain well down on a year ago when they were changing hands for more than 40p. Chief executive Professor Malcolm Young hailed a ‘very productive year’ for the company which has doubled the number of new drugs it is working on to 12.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J J S O DN J F MA M A

45

35

40

25

15

30

20

10

Close:13.75p

e-Therapeutics

stock watch

÷ as part of our new look, we’ve updated our share listings. From today we just include the share prices of Britain’s 350 biggest stock market listed companies – that’s all the firms in the FTSe 100 and the FTSe 250.

It means that a number of companies weused to feature no longer appear. You can search for the latest share price of anyUK listed company at our website:www.thisismoney.co.uk/shares

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6192.74

8.160.13%

H:7122.74� L:5499.51

16903.9341.100.24%

H:18393.16� L:15142.31

3402.245.290.16%

H:4031.95� L:3031.01

17582.5741.300.23%

H:18351.36� L:15370.33

17048.55323.741.94%

H:20952.71� L:14865.77

20666.7517.400.08%

H:28588.52� L:18278.80

9990.0041.360.42%

H:12390.75� L:8699.29

$41.73$0.39perbarrel

H: 41.73� L: 27.88

$1247.74$3.61troyoz

H: 1271.06� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . . 1.79Can$ . . . . . . . . 1.79

DenKr. . . . . . 9.04Euro€ . . . . . . . 1.22

Jpn¥ . . . . .152.48NZ$. . . . . . . . . .1.98

SAR. . . . . . . .20.53SwFr. . . . . . . . .1.32

Turkl. . . . . . . . 3.90US$. . . . . . . . . . 1.37

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.4217 0.0185

HIGH: 1.5882 LOW: 1.3868

£/$ £/€ 1.2663 0.0127

HIGH: 1.4399 LOW: 1.2642

IG 803.00p 6.29%Allied Minds 450.50p 5.23%Micro Focus 1537.00p 4.84%Worldwide Health 1720.00p 3.61%Woodfd Pat Cap 91.55p 3.45%

Broker optimismHealth stock rallyTakeover bidHealth stock rallyNew fund strategy

Sports Direct 379.20p 10.52%Thomas Cook 88.55p 4.27%Evraz 87.30p 4.07%Sophos Group 220.20p 3.42%Euromoney Inst 876.50p 3.15%

top RiseRs closing dailyprice change reason

top FaLLeRs closing dailyprice change reason

Ashley commentsTerror fearsMining slowdownBroker warningBroker says hold

high Low

BaNKS +1.1%

BUILDING +0.7%

BUSINeSS SerVICeS -0.1%

CheMICaLS +1.6%

DrINKS +0.4%

eLeCTrONICS +0.6%

eNGINeerING 0.0%

FINaNCIaL COMPaNIeS +0.9%

FOOD MaNUFaCTUrING +0.3%

heaLTh +0.8%

INDUSTrIaLS +0.2%

INSUraNCe -0.3%

INVeSTMeNT TrUSTS +0.2%

IT & INTerNeT +1.6%

IT harDWare +0.7%

LeISUre -0.6%

MeDIa +0.6%

MINING -0.1%

OIL & GaS +0.5%

PharMaCeUTICaLS +1.0%

POWer & WaTer -0.6%

PrOPerTY -0.7%

reTaILerS 0.0%

TeLeCOMS -0.1%

TraNSPOrT -0.6%

high Low

high Low high Low high Low high Low

high Low

Page 76 Ireland Standby-NewsDaily Mail, Wednesday, March

Is baby bottle maker the next to fall to Chinese?

byEtainLavelle

market reportPRIVATE equity group 3i offered a glimmer of bid interest in a session otherwise overshadowed by the events in Brussels.

It was up 9.2p at 457.5p on gather-ing speculation it is about to unload its Mayborn business – best known as the parent company of Tommee Tippee baby essentials – to CDH, a Chinese private equity group.

Sources close to the deal said it is expected to close in the next cou-ple of weeks and is likely to see the 50-year-old UK brand valued at between £280m and £300m.

3i appointed Baird, the boutique investment bank, to undertake a review of the business early in the autumn. 3i took Mayborn private in 2006 and has since overseen rapid international expansion of the brand, and a launch in the US. Among the interested parties reported to have come forward so far are Mattel, the US owner of Barbie dolls, Carlyle, Cinven and Montagu. Last month, Bloomberg reported that China’s Goodbaby International Holdings is also con-sidering a bid. 3i and Baird refused to comment when contacted by the Mail.

The blue-chip index was awash

with red in early trading as inves-tors fled travel, hotel and leisure stocks following the terrorist attacks in Brussels, and sought out traditional safe havens. Still, the FTSE 100 index managed to claw its way back into positive territory by the end of the session, closing 8.16 points up at 6192.74 as inves-tors switched into the relative safety of defensive stocks.

Star fund manager Neil Woodford gave a boost to start-up healthcare

stocks when he ditched plans to raise more capital and instead vowed to increase his focus on early-stage companies. His investment trust, The Woodford Patient CapitalTrust, which raised £800m last year when it listed, said the change in strategy will now allow up to 70pc of investment for early stage com-panies – even those not listed – up from around 50pc previously. It will also reduce its investment in mid and large-cap stocks. Shares rose 3.05p to 91.55p.

Woodford’s trust has a holding in technology firm Allied Minds which rose 22.4p to 450.5p. And such is Woodford’s influence in the markets that it gave a kick to other heath-care funds, with Worldwide Health-care Trust climbing 60p to 1720p.

Technology firm Micro FocusInternational has snapped up US-based Serena Software in a £380m deal and placed new shares to

fund the deal. Shares climbed 71p to 1537p.

Chemicals group Johnson Mat-they led the advance with gains of 77p to 2676p, while pharmaceutical group Shire continued to rebound, with gains of 100p to 3942p.

Financial spread-betting com-pany IG Group (up 47.5p to 803p) was boosted by increased volatility in global markets during the third quarter, which pushed its results 18pc higher and sparked a price target increase to 850p from 780p by analysts at Barclays.

Among small caps stocks, John-ston Press jumped 14.63pc or 6p to 47p after announcing its first set of results since acquiring the i news-paper. The media group – owner of regional newspapers including The Yorkshire Post and The Scotsman – reported a 22.6pc rise in adjusted pretax profits thanks to rigorous cost-cutting.

ShareS in drug discovery and development company e-Therapeutics soared more than 11pc as its boss hailed potential ‘game-changers’ in cancer treatment. Investors brushed off a widening of losses – from £10.2m to £11.6m last year – to send the stock up 1.38p to 13.75p. But shares remain well down on a year ago when they were changing hands for more than 40p. Chief executive Professor Malcolm Young hailed a ‘very productive year’ for the company which has doubled the number of new drugs it is working on to 12.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J J S O DN J F MA M A

45

35

40

25

15

30

20

10

Close:13.75p

e-Therapeutics

stock watch

÷ as part of our new look, we’ve updated our share listings. From today we just include the share prices of Britain’s 350 biggest stock market listed companies – that’s all the firms in the FTSe 100 and the FTSe 250.

It means that a number of companies weused to feature no longer appear. You can search for the latest share price of anyUK listed company at our website:www.thisismoney.co.uk/shares

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6192.74

8.160.13%

H:7122.74� L:5499.51

16903.9341.100.24%

H:18393.16� L:15142.31

3402.245.290.16%

H:4031.95� L:3031.01

17582.5741.300.23%

H:18351.36� L:15370.33

17048.55323.741.94%

H:20952.71� L:14865.77

20666.7517.400.08%

H:28588.52� L:18278.80

9990.0041.360.42%

H:12390.75� L:8699.29

$41.73$0.39perbarrel

H: 41.73� L: 27.88

$1247.74$3.61troyoz

H: 1271.06� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . . 1.79Can$ . . . . . . . . 1.79

DenKr. . . . . . 9.04Euro€ . . . . . . . 1.22

Jpn¥ . . . . .152.48NZ$. . . . . . . . . .1.98

SAR. . . . . . . .20.53SwFr. . . . . . . . .1.32

Turkl. . . . . . . . 3.90US$. . . . . . . . . . 1.37

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.4217 0.0185

HIGH: 1.5882 LOW: 1.3868

£/$ £/€ 1.2663 0.0127

HIGH: 1.4399 LOW: 1.2642

IG 803.00p 6.29%Allied Minds 450.50p 5.23%Micro Focus 1537.00p 4.84%Worldwide Health 1720.00p 3.61%Woodfd Pat Cap 91.55p 3.45%

Broker optimismHealth stock rallyTakeover bidHealth stock rallyNew fund strategy

Sports Direct 379.20p 10.52%Thomas Cook 88.55p 4.27%Evraz 87.30p 4.07%Sophos Group 220.20p 3.42%Euromoney Inst 876.50p 3.15%

top RiseRs closing dailyprice change reason

top FaLLeRs closing dailyprice change reason

Ashley commentsTerror fearsMining slowdownBroker warningBroker says hold

high Low

BaNKS +1.1%

BUILDING +0.7%

BUSINeSS SerVICeS -0.1%

CheMICaLS +1.6%

DrINKS +0.4%

eLeCTrONICS +0.6%

eNGINeerING 0.0%

FINaNCIaL COMPaNIeS +0.9%

FOOD MaNUFaCTUrING +0.3%

heaLTh +0.8%

INDUSTrIaLS +0.2%

INSUraNCe -0.3%

INVeSTMeNT TrUSTS +0.2%

IT & INTerNeT +1.6%

IT harDWare +0.7%

LeISUre -0.6%

MeDIa +0.6%

MINING -0.1%

OIL & GaS +0.5%

PharMaCeUTICaLS +1.0%

POWer & WaTer -0.6%

PrOPerTY -0.7%

reTaILerS 0.0%

TeLeCOMS -0.1%

TraNSPOrT -0.6%

high Low

high Low high Low high Low high Low

high Low

Page 76 Ireland Standby-NewsDaily Mail, Wednesday, March

Is baby bottle maker the next to fall to Chinese?

byEtainLavelle

market reportPRIVATE equity group 3i offered a glimmer of bid interest in a session otherwise overshadowed by the events in Brussels.

It was up 9.2p at 457.5p on gather-ing speculation it is about to unload its Mayborn business – best known as the parent company of Tommee Tippee baby essentials – to CDH, a Chinese private equity group.

Sources close to the deal said it is expected to close in the next cou-ple of weeks and is likely to see the 50-year-old UK brand valued at between £280m and £300m.

3i appointed Baird, the boutique investment bank, to undertake a review of the business early in the autumn. 3i took Mayborn private in 2006 and has since overseen rapid international expansion of the brand, and a launch in the US. Among the interested parties reported to have come forward so far are Mattel, the US owner of Barbie dolls, Carlyle, Cinven and Montagu. Last month, Bloomberg reported that China’s Goodbaby International Holdings is also con-sidering a bid. 3i and Baird refused to comment when contacted by the Mail.

The blue-chip index was awash

with red in early trading as inves-tors fled travel, hotel and leisure stocks following the terrorist attacks in Brussels, and sought out traditional safe havens. Still, the FTSE 100 index managed to claw its way back into positive territory by the end of the session, closing 8.16 points up at 6192.74 as inves-tors switched into the relative safety of defensive stocks.

Star fund manager Neil Woodford gave a boost to start-up healthcare

stocks when he ditched plans to raise more capital and instead vowed to increase his focus on early-stage companies. His investment trust, The Woodford Patient CapitalTrust, which raised £800m last year when it listed, said the change in strategy will now allow up to 70pc of investment for early stage com-panies – even those not listed – up from around 50pc previously. It will also reduce its investment in mid and large-cap stocks. Shares rose 3.05p to 91.55p.

Woodford’s trust has a holding in technology firm Allied Minds which rose 22.4p to 450.5p. And such is Woodford’s influence in the markets that it gave a kick to other heath-care funds, with Worldwide Health-care Trust climbing 60p to 1720p.

Technology firm Micro FocusInternational has snapped up US-based Serena Software in a £380m deal and placed new shares to

fund the deal. Shares climbed 71p to 1537p.

Chemicals group Johnson Mat-they led the advance with gains of 77p to 2676p, while pharmaceutical group Shire continued to rebound, with gains of 100p to 3942p.

Financial spread-betting com-pany IG Group (up 47.5p to 803p) was boosted by increased volatility in global markets during the third quarter, which pushed its results 18pc higher and sparked a price target increase to 850p from 780p by analysts at Barclays.

Among small caps stocks, John-ston Press jumped 14.63pc or 6p to 47p after announcing its first set of results since acquiring the i news-paper. The media group – owner of regional newspapers including The Yorkshire Post and The Scotsman – reported a 22.6pc rise in adjusted pretax profits thanks to rigorous cost-cutting.

ShareS in drug discovery and development company e-Therapeutics soared more than 11pc as its boss hailed potential ‘game-changers’ in cancer treatment. Investors brushed off a widening of losses – from £10.2m to £11.6m last year – to send the stock up 1.38p to 13.75p. But shares remain well down on a year ago when they were changing hands for more than 40p. Chief executive Professor Malcolm Young hailed a ‘very productive year’ for the company which has doubled the number of new drugs it is working on to 12.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J J S O DN J F MA M A

45

35

40

25

15

30

20

10

Close:13.75p

e-Therapeutics

stock watch

÷ as part of our new look, we’ve updated our share listings. From today we just include the share prices of Britain’s 350 biggest stock market listed companies – that’s all the firms in the FTSe 100 and the FTSe 250.

It means that a number of companies weused to feature no longer appear. You can search for the latest share price of anyUK listed company at our website:www.thisismoney.co.uk/shares

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6192.74

8.160.13%

H:7122.74� L:5499.51

16903.9341.100.24%

H:18393.16� L:15142.31

3402.245.290.16%

H:4031.95� L:3031.01

17582.5741.300.23%

H:18351.36� L:15370.33

17048.55323.741.94%

H:20952.71� L:14865.77

20666.7517.400.08%

H:28588.52� L:18278.80

9990.0041.360.42%

H:12390.75� L:8699.29

$41.73$0.39perbarrel

H: 41.73� L: 27.88

$1247.74$3.61troyoz

H: 1271.06� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . . 1.79Can$ . . . . . . . . 1.79

DenKr. . . . . . 9.04Euro€ . . . . . . . 1.22

Jpn¥ . . . . .152.48NZ$. . . . . . . . . .1.98

SAR. . . . . . . .20.53SwFr. . . . . . . . .1.32

Turkl. . . . . . . . 3.90US$. . . . . . . . . . 1.37

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.4217 0.0185

HIGH: 1.5882 LOW: 1.3868

£/$ £/€ 1.2663 0.0127

HIGH: 1.4399 LOW: 1.2642

IG 803.00p 6.29%Allied Minds 450.50p 5.23%Micro Focus 1537.00p 4.84%Worldwide Health 1720.00p 3.61%Woodfd Pat Cap 91.55p 3.45%

Broker optimismHealth stock rallyTakeover bidHealth stock rallyNew fund strategy

Sports Direct 379.20p 10.52%Thomas Cook 88.55p 4.27%Evraz 87.30p 4.07%Sophos Group 220.20p 3.42%Euromoney Inst 876.50p 3.15%

top RiseRs closing dailyprice change reason

top FaLLeRs closing dailyprice change reason

Ashley commentsTerror fearsMining slowdownBroker warningBroker says hold

high Low

BaNKS +1.1%

BUILDING +0.7%

BUSINeSS SerVICeS -0.1%

CheMICaLS +1.6%

DrINKS +0.4%

eLeCTrONICS +0.6%

eNGINeerING 0.0%

FINaNCIaL COMPaNIeS +0.9%

FOOD MaNUFaCTUrING +0.3%

heaLTh +0.8%

INDUSTrIaLS +0.2%

INSUraNCe -0.3%

INVeSTMeNT TrUSTS +0.2%

IT & INTerNeT +1.6%

IT harDWare +0.7%

LeISUre -0.6%

MeDIa +0.6%

MINING -0.1%

OIL & GaS +0.5%

PharMaCeUTICaLS +1.0%

POWer & WaTer -0.6%

PrOPerTY -0.7%

reTaILerS 0.0%

TeLeCOMS -0.1%

TraNSPOrT -0.6%

high Low

high Low high Low high Low high Low

high Low

Page 76 Ireland Standby-NewsDaily Mail, Wednesday, March

Is baby bottle maker the next to fall to Chinese?

byEtainLavelle

market reportPRIVATE equity group 3i offered a glimmer of bid interest in a session otherwise overshadowed by the events in Brussels.

It was up 9.2p at 457.5p on gather-ing speculation it is about to unload its Mayborn business – best known as the parent company of Tommee Tippee baby essentials – to CDH, a Chinese private equity group.

Sources close to the deal said it is expected to close in the next cou-ple of weeks and is likely to see the 50-year-old UK brand valued at between £280m and £300m.

3i appointed Baird, the boutique investment bank, to undertake a review of the business early in the autumn. 3i took Mayborn private in 2006 and has since overseen rapid international expansion of the brand, and a launch in the US. Among the interested parties reported to have come forward so far are Mattel, the US owner of Barbie dolls, Carlyle, Cinven and Montagu. Last month, Bloomberg reported that China’s Goodbaby International Holdings is also con-sidering a bid. 3i and Baird refused to comment when contacted by the Mail.

The blue-chip index was awash

with red in early trading as inves-tors fled travel, hotel and leisure stocks following the terrorist attacks in Brussels, and sought out traditional safe havens. Still, the FTSE 100 index managed to claw its way back into positive territory by the end of the session, closing 8.16 points up at 6192.74 as inves-tors switched into the relative safety of defensive stocks.

Star fund manager Neil Woodford gave a boost to start-up healthcare

stocks when he ditched plans to raise more capital and instead vowed to increase his focus on early-stage companies. His investment trust, The Woodford Patient CapitalTrust, which raised £800m last year when it listed, said the change in strategy will now allow up to 70pc of investment for early stage com-panies – even those not listed – up from around 50pc previously. It will also reduce its investment in mid and large-cap stocks. Shares rose 3.05p to 91.55p.

Woodford’s trust has a holding in technology firm Allied Minds which rose 22.4p to 450.5p. And such is Woodford’s influence in the markets that it gave a kick to other heath-care funds, with Worldwide Health-care Trust climbing 60p to 1720p.

Technology firm Micro FocusInternational has snapped up US-based Serena Software in a £380m deal and placed new shares to

fund the deal. Shares climbed 71p to 1537p.

Chemicals group Johnson Mat-they led the advance with gains of 77p to 2676p, while pharmaceutical group Shire continued to rebound, with gains of 100p to 3942p.

Financial spread-betting com-pany IG Group (up 47.5p to 803p) was boosted by increased volatility in global markets during the third quarter, which pushed its results 18pc higher and sparked a price target increase to 850p from 780p by analysts at Barclays.

Among small caps stocks, John-ston Press jumped 14.63pc or 6p to 47p after announcing its first set of results since acquiring the i news-paper. The media group – owner of regional newspapers including The Yorkshire Post and The Scotsman – reported a 22.6pc rise in adjusted pretax profits thanks to rigorous cost-cutting.

ShareS in drug discovery and development company e-Therapeutics soared more than 11pc as its boss hailed potential ‘game-changers’ in cancer treatment. Investors brushed off a widening of losses – from £10.2m to £11.6m last year – to send the stock up 1.38p to 13.75p. But shares remain well down on a year ago when they were changing hands for more than 40p. Chief executive Professor Malcolm Young hailed a ‘very productive year’ for the company which has doubled the number of new drugs it is working on to 12.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J J S O DN J F MA M A

45

35

40

25

15

30

20

10

Close:13.75p

e-Therapeutics

stock watch

÷ as part of our new look, we’ve updated our share listings. From today we just include the share prices of Britain’s 350 biggest stock market listed companies – that’s all the firms in the FTSe 100 and the FTSe 250.

It means that a number of companies weused to feature no longer appear. You can search for the latest share price of anyUK listed company at our website:www.thisismoney.co.uk/shares

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6192.74

8.160.13%

H:7122.74� L:5499.51

16903.9341.100.24%

H:18393.16� L:15142.31

3402.245.290.16%

H:4031.95� L:3031.01

17582.5741.300.23%

H:18351.36� L:15370.33

17048.55323.741.94%

H:20952.71� L:14865.77

20666.7517.400.08%

H:28588.52� L:18278.80

9990.0041.360.42%

H:12390.75� L:8699.29

$41.73$0.39perbarrel

H: 41.73� L: 27.88

$1247.74$3.61troyoz

H: 1271.06� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . . 1.79Can$ . . . . . . . . 1.79

DenKr. . . . . . 9.04Euro€ . . . . . . . 1.22

Jpn¥ . . . . .152.48NZ$. . . . . . . . . .1.98

SAR. . . . . . . .20.53SwFr. . . . . . . . .1.32

Turkl. . . . . . . . 3.90US$. . . . . . . . . . 1.37

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.4217 0.0185

HIGH: 1.5882 LOW: 1.3868

£/$ £/€ 1.2663 0.0127

HIGH: 1.4399 LOW: 1.2642

IG 803.00p 6.29%Allied Minds 450.50p 5.23%Micro Focus 1537.00p 4.84%Worldwide Health 1720.00p 3.61%Woodfd Pat Cap 91.55p 3.45%

Broker optimismHealth stock rallyTakeover bidHealth stock rallyNew fund strategy

Sports Direct 379.20p 10.52%Thomas Cook 88.55p 4.27%Evraz 87.30p 4.07%Sophos Group 220.20p 3.42%Euromoney Inst 876.50p 3.15%

top RiseRs closing dailyprice change reason

top FaLLeRs closing dailyprice change reason

Ashley commentsTerror fearsMining slowdownBroker warningBroker says hold

high Low

BaNKS +1.1%

BUILDING +0.7%

BUSINeSS SerVICeS -0.1%

CheMICaLS +1.6%

DrINKS +0.4%

eLeCTrONICS +0.6%

eNGINeerING 0.0%

FINaNCIaL COMPaNIeS +0.9%

FOOD MaNUFaCTUrING +0.3%

heaLTh +0.8%

INDUSTrIaLS +0.2%

INSUraNCe -0.3%

INVeSTMeNT TrUSTS +0.2%

IT & INTerNeT +1.6%

IT harDWare +0.7%

LeISUre -0.6%

MeDIa +0.6%

MINING -0.1%

OIL & GaS +0.5%

PharMaCeUTICaLS +1.0%

POWer & WaTer -0.6%

PrOPerTY -0.7%

reTaILerS 0.0%

TeLeCOMS -0.1%

TraNSPOrT -0.6%

high Low

high Low high Low high Low high Low

high Low

Page 76 Ireland Standby-NewsDaily Mail, Wednesday, March

Is baby bottle maker the next to fall to Chinese?

byEtainLavelle

market reportPRIVATE equity group 3i offered a glimmer of bid interest in a session otherwise overshadowed by the events in Brussels.

It was up 9.2p at 457.5p on gather-ing speculation it is about to unload its Mayborn business – best known as the parent company of Tommee Tippee baby essentials – to CDH, a Chinese private equity group.

Sources close to the deal said it is expected to close in the next cou-ple of weeks and is likely to see the 50-year-old UK brand valued at between £280m and £300m.

3i appointed Baird, the boutique investment bank, to undertake a review of the business early in the autumn. 3i took Mayborn private in 2006 and has since overseen rapid international expansion of the brand, and a launch in the US. Among the interested parties reported to have come forward so far are Mattel, the US owner of Barbie dolls, Carlyle, Cinven and Montagu. Last month, Bloomberg reported that China’s Goodbaby International Holdings is also con-sidering a bid. 3i and Baird refused to comment when contacted by the Mail.

The blue-chip index was awash

with red in early trading as inves-tors fled travel, hotel and leisure stocks following the terrorist attacks in Brussels, and sought out traditional safe havens. Still, the FTSE 100 index managed to claw its way back into positive territory by the end of the session, closing 8.16 points up at 6192.74 as inves-tors switched into the relative safety of defensive stocks.

Star fund manager Neil Woodford gave a boost to start-up healthcare

stocks when he ditched plans to raise more capital and instead vowed to increase his focus on early-stage companies. His investment trust, The Woodford Patient CapitalTrust, which raised £800m last year when it listed, said the change in strategy will now allow up to 70pc of investment for early stage com-panies – even those not listed – up from around 50pc previously. It will also reduce its investment in mid and large-cap stocks. Shares rose 3.05p to 91.55p.

Woodford’s trust has a holding in technology firm Allied Minds which rose 22.4p to 450.5p. And such is Woodford’s influence in the markets that it gave a kick to other heath-care funds, with Worldwide Health-care Trust climbing 60p to 1720p.

Technology firm Micro FocusInternational has snapped up US-based Serena Software in a £380m deal and placed new shares to

fund the deal. Shares climbed 71p to 1537p.

Chemicals group Johnson Mat-they led the advance with gains of 77p to 2676p, while pharmaceutical group Shire continued to rebound, with gains of 100p to 3942p.

Financial spread-betting com-pany IG Group (up 47.5p to 803p) was boosted by increased volatility in global markets during the third quarter, which pushed its results 18pc higher and sparked a price target increase to 850p from 780p by analysts at Barclays.

Among small caps stocks, John-ston Press jumped 14.63pc or 6p to 47p after announcing its first set of results since acquiring the i news-paper. The media group – owner of regional newspapers including The Yorkshire Post and The Scotsman – reported a 22.6pc rise in adjusted pretax profits thanks to rigorous cost-cutting.

ShareS in drug discovery and development company e-Therapeutics soared more than 11pc as its boss hailed potential ‘game-changers’ in cancer treatment. Investors brushed off a widening of losses – from £10.2m to £11.6m last year – to send the stock up 1.38p to 13.75p. But shares remain well down on a year ago when they were changing hands for more than 40p. Chief executive Professor Malcolm Young hailed a ‘very productive year’ for the company which has doubled the number of new drugs it is working on to 12.

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Close:13.75p

e-Therapeutics

stock watch

÷ as part of our new look, we’ve updated our share listings. From today we just include the share prices of Britain’s 350 biggest stock market listed companies – that’s all the firms in the FTSe 100 and the FTSe 250.

It means that a number of companies weused to feature no longer appear. You can search for the latest share price of anyUK listed company at our website:www.thisismoney.co.uk/shares

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6192.74

8.160.13%

H:7122.74� L:5499.51

16903.9341.100.24%

H:18393.16� L:15142.31

3402.245.290.16%

H:4031.95� L:3031.01

17582.5741.300.23%

H:18351.36� L:15370.33

17048.55323.741.94%

H:20952.71� L:14865.77

20666.7517.400.08%

H:28588.52� L:18278.80

9990.0041.360.42%

H:12390.75� L:8699.29

$41.73$0.39perbarrel

H: 41.73� L: 27.88

$1247.74$3.61troyoz

H: 1271.06� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . . 1.79Can$ . . . . . . . . 1.79

DenKr. . . . . . 9.04Euro€ . . . . . . . 1.22

Jpn¥ . . . . .152.48NZ$. . . . . . . . . .1.98

SAR. . . . . . . .20.53SwFr. . . . . . . . .1.32

Turkl. . . . . . . . 3.90US$. . . . . . . . . . 1.37

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.4217 0.0185

HIGH: 1.5882 LOW: 1.3868

£/$ £/€ 1.2663 0.0127

HIGH: 1.4399 LOW: 1.2642

IG 803.00p 6.29%Allied Minds 450.50p 5.23%Micro Focus 1537.00p 4.84%Worldwide Health 1720.00p 3.61%Woodfd Pat Cap 91.55p 3.45%

Broker optimismHealth stock rallyTakeover bidHealth stock rallyNew fund strategy

Sports Direct 379.20p 10.52%Thomas Cook 88.55p 4.27%Evraz 87.30p 4.07%Sophos Group 220.20p 3.42%Euromoney Inst 876.50p 3.15%

top RiseRs closing dailyprice change reason

top FaLLeRs closing dailyprice change reason

Ashley commentsTerror fearsMining slowdownBroker warningBroker says hold

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BaNKS +1.1%

BUILDING +0.7%

BUSINeSS SerVICeS -0.1%

CheMICaLS +1.6%

DrINKS +0.4%

eLeCTrONICS +0.6%

eNGINeerING 0.0%

FINaNCIaL COMPaNIeS +0.9%

FOOD MaNUFaCTUrING +0.3%

heaLTh +0.8%

INDUSTrIaLS +0.2%

INSUraNCe -0.3%

INVeSTMeNT TrUSTS +0.2%

IT & INTerNeT +1.6%

IT harDWare +0.7%

LeISUre -0.6%

MeDIa +0.6%

MINING -0.1%

OIL & GaS +0.5%

PharMaCeUTICaLS +1.0%

POWer & WaTer -0.6%

PrOPerTY -0.7%

reTaILerS 0.0%

TeLeCOMS -0.1%

TraNSPOrT -0.6%

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high Low