Henderson shares climb on takeover rumours

Henderson Global Investors saw its share price climb in the face of a declining market for the second day running today following rumours of a takeover.

Shares in the asset manager rose 3.3p yesterday to close at 127.6p, and were higher again this morning, up 1.9% or 2.4p to 130p, the highest level since last August. According to reports, the gains were sparked by speculation an international financial services giant could be stakebuilding prior to launching a £2-plus a share cash bid. Gains came despite a fall in the FTSE 250, which was on course to lose ground for the second day in a row today, down 1.2% or 144.3 points, at 11,641. Henderson's shares have recovered with the wider market since the sell-off late last year, climbing...