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“The FTSE100 started the New Year on the front foot having ended 2016 at a record high with InterContinental Hotels leading the pack, up by more than 4.4% in early trading,” says AJ Bell Investment Director Russ Mould.
“Soft drinks group Britvic is strengthening its brand portfolio in Brazil with the agreed acquisition of Bela Ischia, a concentrates and juice business which has its largest presence in the key areas of Rio de Janeiro and Minas Gerais. This creates a broader regional footprint for Britvic by complementing its existing strengths in Sao Paulo and the north east of the country through the ebba brand. The acquisition is highly synergistic, with the combined businesses expected to bring substantial cost savings, principally from efficiencies in procurement, production, logistics and administration. Britvic’s shares were up by more than 1.2% in early trading.
“BBA Aviation, a market-leading provider of global aviation support and aftermarket services, is merging its aircraft management and charter business with Gama Aviation's US aircraft management business. The combined entity will be one of the world's largest aircraft management and charter businesses and creates a platform for growth in a massive business aviation market.
“Vodafone and Liberty Global have completed their Dutch joint venture, creating a fully-converged national communications operator. Combining Ziggo's fibre-rich broadband network with Vodafone's market-leading mobile operation creates a stronger converged competitor in the Dutch market, delivering significant benefits for consumers, businesses and the public sector.”
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