Takeover news keeps FTSE steady

clock

The FTSE 100 is slightly up in early trading with a rise of 2.2 points, or 0.03%, to 6,557.7, as two big takeover deals have failed to boost the index.

Reuters is up 3.43% to 626.25p, as Thomson has agreed a deal to buy the firm for £8.7bn to create the world's biggest financial news and data group, while Hanson has climbed 3.41% to £10.93, as it recommended an £11 per share takeover bid from HeidelbergCement in a deal valued at about £8bn. However, Enterprise Inns is posting the biggest gains with a rise of 6.67% to 775.5p, closely followed by Punch Taverns which is up 3.87% to £13.95, while Wolseley has added 1.96% to £13, although Sage Group has slipped 0.78% to 253.25p. Miner Rio Tinto is the biggest loser with a fall of 1.22% to £...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read