Evolution gets bid approach

Evolution Group, the investment bank and stockbroker, said yesterday that it had received a bid approach from an unnamed suitor, though it cautioned that talks were at a "very early stage" with no certainty that a deal would be done.

Shares in Evolution, which has a market capitalisation of about £180m, increased by 6.25p, or 8.5 per cent, to close at 79.75p.