The parent of Capital and Xfm radio stations was the fastest UK stock market riser today, benefitting its three largest institutional shareholders which together own 45% of the company, as its share price shot up 50% after a ã313m (â¬419m) takeover approach.
Shares in GCap Media, whose stable of radio stations includes Choice and Classic FM as well as Capital and Xfm, surged as much as 53% to a high of 184.75p this morning from Fridayâs 121p close, before settling back to 178.75p by 11.37 GMT.
