FTSE 100 started on the front foot ahead of the Fed interest rate decision and as bid action fired up investors’ enthusiasm. London’s main index added 50 points to 7,031 in early dealing.
Ladbrokes and Gala Bingo owner Entain PLC (LSE:ENT) confirmed Draftkings Inc (NASDAQ:DKNG) had made a takeover offer worth a massive US$22bn. Entain said it will “carefully consider the proposal”.
Cash-strapped property group Evergrande has agreed a deal over an onshore bond payment due this week. Chinese authorities have also started work for a potential restructuring, assembling experts to examine the finances of the group.
Carex owner PZ Cussons PLC (LSE:PZC) shares fell as it said that the surge in handwashing sparked by Covid has eased. Revenues were still well ahead of the pre-pandemic period and were forecast to continue growing next year.
Shares in Arc Minerals Limited (AIM:ARCM) rocketed higher after the company unveiled what it called the most successful copper sulphide discovery in its history. The company hit the metal in north-western Zambia.
Alien Metals Ltd (LSE:UFO) announced a maiden inferred resource estimate of more than 10 million tonnes for the Hancock iron ore project in the Pilbara region of Western Australia. The company reported an inferred JORC-compliant resource of 10.4 million tonnes (Mt).
IXICO PLC (AIM:IXI, FRA:PYPB, OTC:PHYOF) has landed a deal worth in excess of US$750,000 over two years to supply advanced neuroimaging services to an unnamed top-five global clinical research organisation. The contract will support a phase II Alzheimer’s trial.