D1's share price jumps on back of talks
BIODIESEL producer D1 Oils has seen its share price lift today after the company said talks of a possible tie-up are reaching an advanced stage.
Middlesbrough-based D1 is in talks with unnamed parties - rumoured to involve BP - regarding the possible acquisition of a substantial, but less than a controlling, stakeholding in the company.
The company said in a statement to the stock market this morning: "The board believes that these discussions are now reaching an advanced stage, though there can be no certainty that any transaction will be forthcoming.
"We will update the market regarding any developments."
Elton's management firm announces takeover
MUSIC management firm Sanctuary, which handles the careers of artists including Elton John and Lulu, said it has agreed to be taken over by the UK arm of entertainment group Universal.
The £44.5m offer comes after a period of difficulty for Sanctuary, which reported losses of £56.7 in its last financial year.
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