Market Report
Sports Direct launches share buyback
FTSE 250 sportswear retailer Sports Direct has announced plans to buy back up to £100m worth of its shares as it looks to reduce the share capital of the company.
Fidessa in talks about being taken over by Temenos
Fidessa has confirmed that it is in "advanced discussions" about being taken over by Swiss banking software group Temenos for around £1. 4bn of cash.
Tuesday newspaper round-up: BHP activist, BT, Energean, Carillion
Two more shareholders in BHP Billiton have put pressure on the board of the FTSE 100 mining giant by urging it to consider dropping its dual listing, which Elliott Advisors, an activist investor, says is “obsolete and value destroying”. Baring Asset Management and Plato Investment Management, which control shares worth about $280 million, have asked BHP to set out why it believes the time is not right to consider simplifying its structure. - The Times.
London pre-open: Stocks to edge up as earnings roll in
London stocks were set to edge higher at the open on Tuesday following losses in the previous session, with earnings in focus.