Market Report: Soros Fund Management invests in Clipper Logistics

Newly floated Clipper Logistics got a vote of confidence from legendary US investor George Soros yesterday. Quantum Partners, an investment fund run by Soros Fund Management, bought a 3.25 per cent slug of the company, which delivers people's online shopping.

The investment helped the Leeds-headquartered company, which runs Asos's order return service, climb 6.5p to 121p on its first day of unconditional trading.

Saga had no such luck – the recently listed over-50s insurer and cruise operator continued to fall further below its 185p float price, closing down 5.5p at 172.5p.

Bluechip traders were still sitting on their hands ahead of today's ECB meeting. The FTSE-100 closed down 17.67 points at 6,818.63.

Smith & Nephew topped the index, up 34p at 1,064p, after brokers Berenberg said any future bid from US rival Stryker would likely be around £12 a share. Stryker last month denied it was planning a bid for Smith & Nephew but admitted it had taken a look.

Companies trading ex-dividend also weighed on the Footsie, with National Grid losing 47p to 830.5p.

Despite a brief early rally, Tesco also pushed the top-flight index lower, with the supermarket closing down 4p at 293.5p.

Mothercare bubbled up on renewed rumours of private equity interest. Buyout specialist Advent International has been linked to a possible bid for the retailer, which last month reported a loss of £26.3m for the year to the end of March.

Despite reports that Advent is not planning an offer, the revived rumours helped Mothercare climb 11.75p to 193p.

Mid-cap listed Workspace Group jumped 24.5p to 608.5p, after the London-focused small-business landlord revealed the value of its portfolio passed £1bn for the first time last year.

Home shopping and educational supplies group Findel leapt 13p to 259.5p on a strong set of full-year numbers. Pre-tax profit at the small-cap company leapt from £11.8m to £22m last year.

On AIM, Rockhopper explorations improved 0.25p to 96p after signing a rig contract with Premier Oil, down 3.7p at 346.3p, in the Falklands.

peopleFrankie Boyle responds to referendum result in characteristically offensive style
Arts and Entertainment
'New Tricks' star Dennis Waterman is departing from the show after he completes filming on two more episodes
tvHe is only remaining member of original cast
Arts and Entertainment
tvHighs and lows of the cast's careers since 2004
Harry Redknapp. Mark Hughes and Ryan Shawcross
footballNews and updates as Queens Park Rangers host the Potters
ebooksAn unforgettable anthology of contemporary reportage
New Articles
i100... with this review
Holly's review of Peterborough's Pizza Express quickly went viral on social media
New Articles
Arts and Entertainment
musicHow female vocalists are now writing their own hits
Arts and Entertainment
musicBiographer Hunter Davies has collected nearly a hundred original manuscripts
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Senior BA - Motor and Home Insurance

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Market Risk & Control Manager

Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...

SQL Developer - Watford/NW London - £320 - £330 p/d - 6 months

£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Head of Audit

To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...

Day In a Page

Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam