Insurance broker and consultant Jelf was one of London's stock market biggest risers on Wednesday as it confirmed it may be the subject of a takeover by global firm Marsh Ltd. Shares surged 19.32% to stand at 247p as the market welcomed the news.
However Jelf said in a brief regulatory statement: "Discussions, which are ongoing, are at an early stage and there can be no certainty that any offer will ultimately be made for Jelf or as to the terms of any such offer." Independent Jelf provides advice to both businesses and individuals on matters relating to insurance, healthcare, employee benefits and financial planning.