FTSE recovers

Signs of a revival in major deal activity encouraged investors today after a difficult few sessions for world markets.

FTSE recovers
Mon, 19 Jul, 2010 - 13:18

Signs of a revival in major deal activity encouraged investors today after a difficult few sessions for world markets.

A takeover approach worth £2.9bn (€3.4bn) for industrial giant Tomkins and talks over a potential merger involving International Power and the overseas assets of France’s GDF Suez gave a boost to confidence.

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CourtsBusinessFTSEPlace: FrancePlace: UKPlace: New YorkPlace: USPerson: Jim O’NeilOrganisation: FTSEOrganisation: TomkinsOrganisation: International PowerOrganisation: GDF SuezOrganisation: BPOrganisation: Bank of AmericaOrganisation: Merrill LynchOrganisation: CitigroupOrganisation: BarclaysOrganisation: HSBCOrganisation: LloydsOrganisation: Royal Bank of ScotlandOrganisation: Onex CorporationOrganisation: Canada Pension Plan Investment BoardOrganisation: FTSE 100
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