Cavanagh Group in takeover talks

Noting recent movements in its share price, the firm says the talks are still at an early stage, with no certainty of an offer being made. It said any further announcements will be made "when appropriate" and advised shareholders to take no action in relation to their holdings in the company's shares. Speculation over the takeover has led to a 23.81% increase in the firms's share price to 130p. In its most recent interim results, issued in September, Cavanagh reported profits before tax of £202,000 from a revenue of £7.67m for the six months ending 30 June, down £312,000 and £7.95m...