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William Hill shares increase as financier declines merger strategy
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Shares in William Hill have increased after the betting business's largest investor said it would oppose any merger offer with Canada's Amaya.
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Last weekend William Hill said it remained in talk with combine with Amaya, which owns poker sites Full Tilt and PokerStars, in a potential ₤ 4.5 bn offer.

But Parvus Asset Management said the merger had "restricted strategic logic" and would "damage investor worth".

Shares in - a FTSE 250 member - closed up 5% at 314.1 p.

Parvus stated the wagering firm should think about other all options to increase investor returns, including a possible sale.

Ralph Topping, who stepped down in 2014 after eight years as chief executive of William Hill, stated he "totally supported" Parvus.
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"When this promotion code bet9ja's welcome offer was revealed I was left scratching my head," he told the Financial Times, external. Both [Amaya and William Hill] have a lot to sort out in their own company. I'm really nervous 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 greatest listed hedge fund stated it was purchasing investment manager Aalto, which handles home possessions worth $1.7 bn.
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Man Group likewise reported a 6% increase in the yohaig code worth of funds under management during the 3 months to September and said it prepared a $100m share buyback.

The blue-chip FTSE 100 index increased 35.81 indicate 7,013.55. Tesco was the biggest riser, up 4.41% to 203.7 p. The grocery store stated on Thursday night that it had fixed its pricing row with supplier Unilever. Shares in Unilever were down 0.5%.

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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