Homeserve rockets on M&A talk

Shares in Homeserve surged 12 per cent to 187p yesterday on talk of takeover interest from private equity firms. The company, which is embroiled in an FSA probe, said in a statement that it was not, and had not been, “engaged in any discussions which could lead to a possible offer for the company”. But it did not deny reports that it had rebuffed approaches from the likes of Cinven, KKR and Apax.