IMI shares jump amid market chatter around possible PE interest

Shares of engineering group IMI jumped in afternoon trading amid speculation of potential interest from private equity.

According to Betaville, which described such reports as "uncooked", there was talk in markets of a possible bid for the group from a PE investor.

As of 1603 BST, IMI stock was trading 2.83% higher at 1,707.0p, having earlier hit a record high of 1,732.0p.