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FTSE 100 live: Blue-chips to start week on bright note, Keywords receives five offers

Published 20/05/2024, 07:46
© Reuters FTSE 100 live: Blue-chips to start week on bright note, Keywords receives five offers
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Proactive Investors - The FTSE 100 is anticipated to begin the week on a bright note, ahead of another packed few days of company results.

Today is not one of those days, however.

Spread-betters have called the blue-chip index 11 points higher after it finished a record-breaking last week with two down-days that ended at 8,420.26.

UK consumer price inflation numbers are also due later in the week, with a big drop expected to take the figure close to the Bank of England’s 2% target.

This is why Monday starts with the pound at a six-week high, which tends to put the brakes on the index.

Oil prices are just off two-month lows, affecting two of its biggest companies, though Brent crude is up 0.4% to $84.32 this morning.

The morning also starts with confirmation from Keywords Studios PLC (LON:KWS) that it is in advanced talks about being taken private for a price 73% above where it finished last week.

Keywords says EQT Group has made four previous unsolicited proposals in recent months but it “would be minded to recommend” the latest, a possible cash offer of 2,550p per share, plus the recently declared 2023 final dividend of 1.76p, to shareholders should a firm offer be made.

Read more on Proactive Investors UK

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