Takeover talks and high expectations for Monday’s annual results have buoyed Bovis Homes Group on the stock market, jumping 68p to £11.02.
The City expects the housebuilder to maintain the bullish tone of its January trading update when it referred to strong volume growth and climbing margins.
It is thought Bovis could be a takeover target for either Persimmon, up 1.1% to £13.94, or George Wimpey, up 1.4% to 577.5p.
A block of 10.5m Bovis shares, worth 8.7% of the company, changed hands after the markets closed. Traders attributed it to a “fat-fingered trade” that would be deleted by the Stock Exchange this morning.
09/03/07 Financial Times 40, Guardian 34, Independent 64
