Shares in EQT rose on Thursday, supported by reports of robust fundraising activity and accelerating earnings growth for the UK energy company.
The positive sentiment reflects broader strength in the European energy sector, which is on track for its strongest earnings expansion in over three years.
The market reaction comes as Intertek reportedly moves closer to endorsing EQT's £9.2 billion takeover bid.
The potential approval marks a significant development in the protracted merger process, following sustained pressure from major investors including Peltz Harris.
A formal endorsement would remove a key obstacle to the deal's completion.
EQT's performance aligns with wider trends among European blue-chip firms, where energy-sector profits have surged amid favorable market conditions.