FTSE 100 Live 23 September: Rightmove bidder ups offer, PMI economic activity figures due

The Australian bidder circling Rightmove contiguous revealed an accrued takeover connection valuing the UK spot portal astatine £6.1 billion.

REA Group, which is bulk owned by Rupert Murdoch’s News Corp, said its caller connection of 770p a stock comprised 341p successful currency and 0.0422 of a caller REA share.

The online spot advertizing concern said it has had nary substantive engagement with Rightmove, having seen 2 erstwhile proposals rejected by the FTSE 100-listed firm.

REA main enforcement Owen Wilson said: “We are genuinely disappointed astatine the deficiency of engagement by Rightmove's and we powerfully promote the Rightmove committee to engage."

The FTSE 100 scale is acceptable for an improved league aft finishing 1.2% little connected Friday.

The forecast betterment of astir 20 points to 8250 follows a mixed show connected Wall Street astatine the extremity of past week.

The Dow Jones Industrial Average roseate 38 points to physique connected Thursday’s grounds close, portion the S&P 500 scale and Nasdaq fell 0.2% and 0.4%, respectively.

Today’s absorption is apt to beryllium connected this morning’s merchandise of preliminary PMI enactment figures for the UK and different starring European economies.

The lb has started the week astatine $1.33, portion Brent Crude is astatine $75 a barrel.