London Stock Exchange reported higher quarterly income as its clearing, further helping ease lingering investor after a difficult 2017 for the company.
The UK’s top share index rose as a rise in bond yields buoyed financials and an appetite for risk returned at the beginning of a busy week of company updates.
At 0832 GMT, the FTSE 100 was down 0.1 percent while most European bourses also traded in negative territory.
Weaker sterling helped Britain's FTSE100 outperform European mkts, while Reckitt tumbled after disappointing results and Shire declined as Allergan pulled out of running.
Sensex after moving between 34,311.29 and 34,487.33, finally settled 11.71 pts, or 0.03 pc, lower at 34,415.58, while Nifty closed 1.25 pts, or 0.01 pc down at 10,564.05.
The UK’s top share index rose on Thursday as surging crude oil prices boosted commodity stocks and Shire’s shares jumped as bid talk heated up.
Takeda Pharmaceutical has made a bid for Shire that values the London-listed drugmaker at around $61 bn, two sources with direct knowledge of the matter told Reuters.
The UK’s top share index rose as surging crude oil prices boosted commodity stocks, while consumer goods giant Unilever fell on worries over its pricing power.
A positive start to the first-quarter earnings season and a softening pound triggered by weak inflation data helped to lift Britain’s FTSE 100 index on Wednesday.
Global stocks climbed to their highest in nearly 4 wks as strong US Q1 earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump.
SCRAP POLICY
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Mint Reports
BHARTI AIRTEL
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
ESSAR STEEL
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
ICICI SECURITIES
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Mint Reports
THOMAS COOK
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co
@BTVI