🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

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
UK100
-
LCO
-
KWS
-

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

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.