Broker Network rejects bid

Broker Network has snubbed a recent acquisition approach, strongly believed to have been made by Axa or Towergate.

Shares rose after the announcement by 2.5p to 467.5p, as Broker Network revealed talks were continuing and that an improved offer may be forthcoming.

In a statement, the company said: "On 12 October, Broker Network announced that it had received an approach that may, or may not, lead to an offer being made for the company. The board of Broker Network has held discussions with the

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