William Hill shares increase as financier rejects merger strategy
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Shares in William Hill have increased after the wagering company's biggest shareholder stated it would oppose any merger bet9ja's welcome offer with Canada's Amaya.

Last weekend William Hill said it was in speak to merge with Amaya, which owns poker sites Full Tilt and PokerStars, in a potential ₤ 4.5 bn deal.
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But Parvus Asset Management said the merger had "restricted strategic reasoning" and would "ruin shareholder worth".
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Shares in - a FTSE 250 member - closed up 5% at 314.1 p.

Parvus stated the wagering firm should consider other all options to increase investor returns, consisting of a possible sale.

Ralph Topping, who stepped down in 2014 after 8 years as primary executive of William Hill, said he "fully supported" Parvus.

"When this promotion code bet9ja's welcome offer was revealed I was left scratching my head," he informed the Financial Times, external. Both [Amaya and William Hill] have a lot to sort out in their own company. I'm extremely anxious on the future of William Hill."

Also on the FTSE 250, shares in Man Group leapt 13.7% after the world's biggest noted hedge fund stated it was buying investment manager Aalto, which handles property assets worth $1.7 bn.
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Man Group also reported a 6% increase in the worth of funds under management during 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 greatest riser, up 4.41% to 203.7 p. The grocery store said on Thursday night that it had fixed its rates row with provider Unilever. Shares in Unilever were down 0.5%.
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On the currency markets, the yohaig code pound was trading at $1.2185, down 0.56%, against the dollar.
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Against the euro it was flat at EUR1.1083.
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William Hill in ₤ 4.5 bn merger talks

9 October 2016
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