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William Hill shares rise as investor rejects merger plan
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Shares in William Hill have actually risen after the yohaig code betting company's biggest shareholder stated it would oppose any merger handle Canada's Amaya.

Last weekend William Hill stated it was in talks to combine with Amaya, which owns poker websites Full Tilt and PokerStars, in a prospective ₤ 4.5 bn bet9ja's welcome offer.
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But Parvus Asset Management said the merger had "minimal strategic logic" and would "damage investor worth".

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

Parvus stated the betting firm should think about other all choices to increase investor returns, consisting of a possible sale.
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Ralph Topping, who stepped down in 2014 after 8 years as president of William Hill, stated he "totally supported" Parvus.
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"When this offer was announced 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 service. I'm extremely distressed on the future of William Hill."
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Also on the yohaig code FTSE 250, shares in Man Group jumped 13.7% after the world's most significant listed hedge fund said it was buying financial investment manager Aalto, which manages property assets worth $1.7 bn.
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Man Group also reported a 6% increase in the value of funds under management throughout the three months to September and stated it planned a $100m share buyback.
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The blue-chip FTSE 100 index rose 35.81 points to 7,013.55. Tesco was the greatest riser, up 4.41% to 203.7 p. The supermarket stated on Thursday night that it had actually solved its prices row with supplier Unilever. Shares in Unilever were down 0.5%.
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On the currency markets, the pound was trading at $1.2185, down 0.56%, versus the dollar.

Against the euro it was flat at EUR1.1083.
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William Hill in ₤ 4.5 bn merger talks

9 October 2016