Ascential gains 1.4% after clean-up as Folksam sells Swedbank at tight discount

Shares in Ascential, the UK events and publishing company that runs the Cannes Lions festival, closed 1.4% higher on Tuesday after Guardian Media Group (GMG) and Apax sold the last of their stock through an accelerated bookbuild led by Goldman Sachs, Bank of America Merrill Lynch (BAML), Deutsche Bank and Numis Securities.