Gains in sterling sparked by better retail sales data bruised Britain’s internationally-exposed FTSE 100 index, while a recovery in commodities helped limit losses.
Yet another M&A deal stole the spotlight in British stocks trading as a $3 billion bid sent Zoopla owner ZPG surging 30%, while the FTSE 100 steadied after a strong run.
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.
Britain’s GKN is in advanced talks over a merger of its automotive unit with Dana, a deal that would complicate Melrose’s hostile bid for the FTSE 100 company.
The pan-European STOXX 600 index climbed 0.4 percent, with the cyclicals-heavy DAX .GDAXI up 0.5 percent.
The pan-European STOXX 600 traded flat by 0825 GMT, but trading was rocked by sharp falls from Dutch firms SBM Offshore and Vopak.
The pan-European STOXX 600 index was up 0.1 percent, set for its second week of gains in a row.
At 0835 GMT, the pan-European STOXX 600 rose 0.6 percent to 397.43 points, a level last seen in August 2015.
The pan-European STOXX 600 index was down 0.1% but Spain’s IBEX benchmark rose, led by Caixabank and Banco de Sabadell, shares in which rose 4.2% and 3.6% respectively.
Cyber security breaches erode companies' share prices permanently, with financials the worst hit, a study has found.
JSW Steel Limited
May bid for Arcelor-Mittal's Romanian plant
Gets DCGI's marketing nod for key cancer drug
Inks 5-year I.T. Infra deal with Nokia
BANK OF MAHARASHTRA
To raise Rs 3,000 Crore equity capital
Plans to launch 50 cvs this fiscal
Company may bid for Arcelormittal's Romanian plantco
Proposes investment of $500 Mn to upgrade steel manufacturing unit at Ohio, USA
Integrated steel manufacturing unit in Ohio, with potential capacity of 3 MTPA
Company gets marketing nod for Durvalumab drug from DCGI
Durvalumab is a patented product of AstraZeneca Global
Permission significant for patients with limited treatment options
Nokia signs 5-year global I.T. Infra & application services deal with company
Company will transition services from four incumbent vendors
Will build on strong existing engineering-centric partnership with this deal worth $500 Mn
BANK OF MAHARASHTRA
Gets shareholders' nod for raising equity capital upto Rs 3,000 Cr
Bank union requests govt to intervene in bank's arrests
AIBEA writes to DFS secy to step-in to save bank's reputation
May have rotating chairman till full time chairman is appointed
U.S. Investors of bank want Kochhar to quit
Investors will be confident if external candidate is appointed as CEO: Macquarie
TOI & ET REPORTS