Drop in suspicious share price moves before UK takeover announcements
Financial Conduct Authority report suggests campaign against market abuses could be bearing fruit
09 July 2019 - 17:24
London — Fewer company takeover announcements in 2018 were preceded by unusual share price moves that might point to insider dealing, Britain’s Financial Conduct Authority (FCA) said on Tuesday.
The authority said its “market cleanliness” indicator showed 10% of takeovers were associated with abnormal price movement before deals were announced, down 12% on the year, and its lowest level since 2006...
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