European Stock Close Green as NEX Group Shares Soar

By Investors Hub

European stocks are seeing modest strength on the day. While the French CAC 40 Index is up by 0.1 percent, the U.K.?s FTSE 100 Index and the German DAX Index are both up by 0.2 percent.

NEX Group shares have soared in London after the financial technology company received a preliminary takeover offer from U.S.-based exchange operator CME Group.

Altice has also rallied after confirming plans to sell its telecommunications towers in France and Portugal.

Drill services contractor Capital Drilling has spiked higher after reporting better than expected financial results.

Meanwhile, Berkeley Group Holdings has fallen after the British company said it is unable to ramp up homebuilding due to planning constraints.

Old Mutual shares have also dropped on reports that the financial services group is selling three businesses in Latin America to China Minsheng Investment Group International.