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William Hill shares increase as investor turns down merger strategy
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Shares in William Hill have risen after the betting company's biggest shareholder said it would oppose any merger bet9ja's welcome offer with Canada's Amaya.

Last weekend stated it was in speak to combine with Amaya, which owns poker websites Full Tilt and PokerStars, in a prospective ₤ 4.5 bn deal.
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But Parvus Asset Management said the merger had "minimal tactical logic" and would "damage investor worth".
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Shares in William Hill - a FTSE 250 member - closed up 5% at 314.1 p.

Parvus stated the wagering company should think about other all options to increase investor returns, consisting of a possible sale.
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Ralph Topping, who stepped down in 2014 after 8 years as president of William Hill, said he "totally supported" Parvus.

"When this promotion code deal was announced I was left scratching my head," he informed the Financial Times, external. Both [Amaya and William Hill] have a lot to arrange out in their own business. I'm really distressed on the future of William Hill."
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Also on the FTSE 250, shares in Man Group leapt 13.7% after the world's most significant noted hedge fund stated it was purchasing investment manager Aalto, which handles home possessions worth $1.7 bn.

Man Group also reported a 6% rise in the value of funds under management throughout the 3 months to September and stated it planned a $100m share buyback.

The blue-chip FTSE 100 index rose 35.81 indicate 7,013.55. Tesco was the most significant riser, up 4.41% to 203.7 p. The grocery store stated on Thursday night that it had actually resolved its rates row with supplier Unilever. Shares in Unilever were down 0.5%.
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On the currency markets, the pound was trading at $1.2185, down 0.56%, versus the dollar.

Against the euro it was flat at EUR1.1083.
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William Hill in ₤ 4.5 bn merger talks

9 October 2016