Investors appear divided over whether Naspers and Prosus's latest move to reduce the discount their shares trade will have the desired effect, with Prosus closing a little higher yesterday and Naspers declining after an initial gain.

What Prosus's acquisition of an extra 45.4% of Naspers in return for new Prosus shares will achieve, however, is an increase in the Amsterdam-listed company's free float and inclusion on the index of Europe's 50 biggest stocks.

While the performance of their shares was relatively tame yesterday, Ascendis Health's stock jumped 9% as it unveiled its long-awaited restructuring and recapitalisation plan. While it's board has approved the transaction with its lenders, it now has to get it past its shareholders.

Lewis Group's shares also soared after it released a trading statement that said full-year earnings would be more than double those reported last year. A lot more.

More on those stories to follow in your newsletter today, along with results from Transaction Capital, Curro's latest acquisition and news that the English Court has sanctioned a restructuring plan for Brait's Virgin Active Europe subsidiary.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect