Struggling listed firm Candover Investments' shares rose more than 10% in early morning trading as an analyst predicted proceeds from its sale of energy consultancy Wood Mackenzie would revalue its portfolio upwards by 18% in the most positive step so far in the group's restructuring.

Candover Partners made an announcement this morning that it had carried out its £553m (€650m) sale of Wood Mackenzie to Charterhouse Capital Partners.