Candover rises as Wood Mackenzie payout provides 'pleasant surprise'

John Arney given new management role at subsidiary

Struggling listed firm Candover Investments' shares rose more than 10% in early morning trading as an analyst predicted proceeds from its sale of energy consultancy Wood Mackenzie would revalue its portfolio upwards by 18% in the most positive step so far in the group's restructuring.

Candover Partners made an announcement this morning that it had carried out its £553m (€650m) sale of Wood Mackenzie to Charterhouse Capital Partners.

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