London’s FTSE 100 was up 0.5% at 7,257.43 in afternoon trade on Monday. Vodafone and BT Group rallied after private equity firm KKR made a $12bn takeover approach to Telecom Italia. Neil Wilson, chief market analyst at Markets.com, said: “There has been a lot of speculation about a possible takeover …
Read More »FTSE 250 movers: Cineworld surges; gold miners retreat
London’s FTSE 250 was up 1.4% at 17,964.71 in afternoon trade on Tuesday. Cineworld surged, with traders pointing to speculation the company may be taken private by its founder. The shares had already rallied on Monday on takeover speculation after a US judge granted the government’s request to end the …
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