Kontron shares fell Thursday after weak Q1 sales and news Ennoconn may trigger a takeover offer at €23.50 per share, barely above Wednesday’s €23.08 close. Ennoconn, already holding 27.9%, could cross the
Lloyds Banking Group shares fell over 2% Friday amid a broader drop in UK banks as political turmoil and rising government bond yields rattled investors. The pound hit a five-week low and the FTSE 100 slipped 0.6%. Barclays also dropped more than 2%. Ten-year gilt yields rose nearly 12 basis points to about 5.11%.
Kontron shares fell Thursday after weak Q1 sales and news Ennoconn may trigger a takeover offer at €23.50 per share, barely above Wednesday’s €23.08 close. Ennoconn, already holding 27.9%, could cross the 30% threshold via new purchases or Kontron’s buyback. Kontron plans to cut 500 jobs and reported Q1 net profit down to €14 million from €20.1 million.