June 28, 2019 / 7:25 AM / 4 months ago

FTSE 100 steady as Sino-U.S. talks in focus, buyout offer pushes Merlin higher

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100 about flat, FTSE 250 up 0.4%

* Trump-Xi meeting on the horizon

* Merlin rejoices after buyout offer

June 28 (Reuters) - Britain’s main index was relatively unchanged on Friday as investors waited for a crucial Sino-U.S. meeting this weekend, while Madame Tussauds owner Merlin surged after a buyout offer.

The FTSE 100 was roughly flat, while the mid-cap FTSE 250 added 0.4% by 0710 GMT.

Uncertainty over whether any signs of progress towards a resolution of Washington and Beijing’s trade war would emerge kept activity among most major sectors muted in early dealings.

Legoland operator Merlin Entertainments jumped 14.2% to 451 pence on the mid-cap index after agreeing to be acquired by the investment vehicle of Lego’s founding family and Blackstone in a 455 pence a share deal. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below