FTSE almost static

Takeover moves provided the main interest for the London market today despite economic worries hindering progress for the wider FTSE 100 Index.

Mon, 16 Aug, 2010 - 19:09

Takeover moves provided the main interest for the London market today despite economic worries hindering progress for the wider FTSE 100 Index.

Investors welcomed Cairn Energy's plans to sell 51% of its Indian operations to Vedanta Resources for more than £5bn (€6.1bn) - promising a multi-billion windfall for shareholders.

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CourtsBusinessFTSEPlace: LondonPlace: JapanPlace: ChinaPlace: AsiaPlace: UKPlace: CanadaPlace: IrelandPlace: AlabamaPerson: Yusuf HeusenEvent: Gulf of Mexico oilOrganisation: FTSEOrganisation: Cairn EnergyOrganisation: Vedanta ResourcesOrganisation: AvivaOrganisation: FootsieOrganisation: Wall StreetOrganisation: VedantaOrganisation: IG IndexOrganisation: CairnOrganisation: BPOrganisation: HalliburtonOrganisation: TransoceanOrganisation: InmarsatOrganisation: African Barrick GoldOrganisation: XstrataOrganisation: RBS
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