STOCK WATCH

■ TUNGSTEN Corp jumped after accepting a takeover bid from a Swedish automation firm.

The all-cash offer from Pagero Group values the electronic invoicing specialist at £61m, or 48p per share.

The bid trumps a previous 42p per share offer from Californian group Kofax.

The company’s board will unanimously recommend the Pagero bid to shareholders having previously backed the Kofax offer.

The shares surged 8.6pc, or 3.9p, to 49.25p.