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REFILE-FTSE 100 higher on Just Eat, LSE deal news

Published 07/29/2019, 03:39 PM
Updated 07/29/2019, 03:40 PM
REFILE-FTSE 100 higher on Just Eat, LSE deal news
UK100
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LSEG
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FRAS
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FTMC
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TRI
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JE
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TKWY
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(Corrects spelling of 'sinks' in 4th bullet)
* FTSE 100 up 0.3%, FTSE 250 about flat
* Just Eat jumps after all-share deal with Takeaway.com
* LSE gains on talks to buy Refinitiv
* Sports Direct sinks to lowest since Feb. 2011

July 29 (Reuters) - London's FTSE 100 rose on Monday as
talks of a possible deal drove shares of London Stock Exchange
higher, along with the shares of Just Eat, which surged
following an all-share deal with rival Takeaway.com.
The main index .FTSE added 0.5% and the mid-cap FTSE 250
.FTMC was largely unchanged by 0715 GMT, even after Sports
Direct SPD.L tanked after delayed results on Friday showed
lower core earnings and a potential tax bill.
Shares of Just Eat JE.L soared 23% to 782.4 pence and hit
highest since March after the company agreed to an all-share
deal with an implied value of 731 pence a share with rival
Takeaway.com TKWY.AS . London Stock Exchange LSE.L surged nearly 12% to an
all-time high after the company confirmed late on Friday it was
in talks to buy financial data analytics provider Refinitiv
Holdings for $27 billion, including debt. Thomson Reuters TRI.TO , the parent company of Reuters,
holds a 45% stake in Refinitiv.
On the mid-cap index, Sports Direct tumbled 17.3% after its
delayed results statement showed annual core earnings fell due
to problems integrating House of Fraser and as it warned it
could face a 674 million euro tax bill from Belgium.

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