UK stocks surged on Monday on hopes that Greece and its creditors would be able to reach a deal to secure the next tranche of bailout aid later this week.
Shares in Thorntons rocketed 40% on Monday on news that Ferrero International will acquire the company for a 145p per share cash offer that values the fully-diluted capital of Thorntons at approximately £111.9m.
Confectionery retailer Thorntons has announced its chief executive officer, Jonathan Hart, will resign from his position on 27 June.
Spirit Pub Company said it outperformed the market in the first half, mainly thanks to a strong performance from its managed pubs estate on the back of cost-control and acquisitions.
Thorntons posted mixed trading data for the 15 weeks up to 25 April, as its FMCG business contributed to a sales decline.
Chocolatier Thorntons shrugged off the disappointment of falling commercial sales over Christmas by gorging on the "oustanding" sales from its own shops.
1630: Close The FTSE 100 finished 21.44 points higher at 6,598.18 with energy stocks providing a lift on the back of rising crude prices. Defensive pharma stocks were leading the downside by the close as risky investors increased their appetite for risk.
UK stocks rose again on Tuesday as the Santa Rally continued into its sixth straight day, with markets boosted by some upbeat economic data from the States.
Investec has trimmed its target price for Rolls-Royce from 900p to 860p and kept its 'hold' rating, saying that a faster decline in Trent 700 production "increases headwinds" for the engine maker.
UK stocks rose again on Tuesday as the pre-Christmas rally continued, though gains were trimmed by lunchtime after some disappointing data.
Thorntons' valuation is set to get a little more expensive after a profit warning from the chocolatier on Tuesday, according to Northland Capital Partners.
UK stocks jumped again on Tuesday as the pre-Christmas rally continued, with markets extending a two-week high ahead of a barrage of economic data.
Annual profits will be lower than expected at Thorntons as the confectioner warned of a "significant reduction" in orders from major supermarkets followed by a problem with its new distribution system.
The winning streak is expected to continue into its sixth day on Tuesday as traders continue to build positions ahead of the Christmas break.
Confectionery chain Thorntons reported a 11.9% decline in first quarter sales, which was largely due to the timing of orders in its FMCG division.
Upmarket chocolate maker Thorntons announced sweeter annual profits but warned that sales to retailers were likely to slow in the first half.
Investec has upgraded its rating for RBS from 'sell' to 'hold', playing down concerns about the upcoming Scottish referendum which has led to the stock's recent underperformance against the wider banking sector.
Investec is keeping faith with Thorntons despite a warning from the chocolate retailer about a potential slowdown in first-half sales.
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating.
Bargain-hunting was benefiting the food and drug retail sector on Monday as supermarket stocks recovered after suffering some heavy falls last week.