July 22, 2019 / 7:29 AM / a month ago

Oil majors support Britain's FTSE, Ted Baker up on M&A chatter

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* FTSE 100 largely unchanged, FTSE 250 down 0.1%

* Oil majors biggest boost to main bourse

* Ted Baker outperforms midcap index

July 22 (Reuters) - London’s main index held steady on Monday as oil heavyweights rose amid heightened tensions in the Middle East, while energy firm Centrica fell on reports of a dividend cut and Ted Baker was in demand after multiple media reports of takeover plans.

The FTSE 100 index of bluechip companies was flat at 0710 GMT, while the FTSE 250 midcap index was 0.1% lower.

Oil majors Royal Dutch Shell Plc and BP Plc were higher, tracking gains in crude prices on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East.

Energy company Centrica Plc slumped 1.5% after the Times reported that the company was set to cut its dividend and put its oil and gas business up for sale.

Among midcaps, Ted Baker Plc added 3.2% after the Times reported here that the company's founder Ray Kelvin was considering plans to back a private equity buyout of the company. (Reporting by Muvija M in Bengaluru; Editing by Shounak Dasgupta)

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