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FT Alphaville
Markets Live -transcript
Paul Murphy and Neil Hume on the LSE’s share price rise and bid talk centred on Trinity Mirror
Principal content
Bid speculation takes FTSE to 4-month high
London’s equity markets were higher after good results from British Airways and British Energy said it had received a number of takeover offers
Banks and oils lead Europe higher
Banco Popolare lifted by upgrades
Iceland agrees €1.5bn swap scheme with neighbours
Move to fight economic uncertainty
Weak data keeps Dollar under pressure
Icelandic krona surges on swap deal
Asian markets show mild gains
Japan showed very little direction
Strength in techs fuels US blue-chips rally
Investors shrug off fears on economy
Liffe offers new money market options
Move follows broad criticisms of Libor
Soaring freight costs add to price of basics
Shipping costs add to high food prices
Sales slump sends NZ dollar to 3-month low
Growth data boost euro
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Mergermarket
- Micrel unlikely to see Obrem-led upheaval at 20 May EGM; near-term consolidation also doubtful as company not considered ’must-have’ - sources
- Imclone’s Erbitux BMS-099 trial not powered to show overall survival, FLEX remains pivotal registrational trial
- Enodis: ITW sees easier antitrust than Manitowoc; Manitowoc still considering counter bid
- Genentech’s Avastin study should evaluate drug’s effect on overall survival as primary endpoint, physicians say
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