FTSE 100 seen slightly lower after strong US session
07:25 , Graeme Evans
The FTSE 100 index is to make a subdued start to the week as attention turns to a run of heavyweight economic announcements.
Unemployment and wage figures on Tuesday and inflation the following day will feed into the Bank of England’s next interest rates decision on 7 November.
The FTSE 100 index is seen nine points lower at 8245, having added 15 points on Friday.
On Wall Street, the leading benchmarks were all higher after JPMorgan posted forecast-bearing results at the start of the third quarter earnings season.
The pound stands at $1.306 while Brent Crude is $78.11 a barrel.
Mulberry shareholder rejects Frasers approach
07:12 , Graeme Evans
A new Mulberry takeover approach by Mike Ashley’s Frasers Group has been rejected by the luxury handbag maker’s biggest shareholder.
Malaysia-based Challice, which holds a 56.1% stake, said yesterday it has no interest in selling to Frasers “or providing Frasers with any irrevocable or other undertaking“..
On Friday evening, FTSE 100-listed Frasers tabled an improved approach of 150p a share valuing Mulberry at £111 million.
Mulberry said today it is working with “advisers to consider the company’s position and will provide a further announcement in due course”.
