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FTSE 100 steady as Sino-U.S. talks in focus, buyout offer pushes Merlin higher

Published 06/28/2019, 03:24 PM
Updated 06/28/2019, 03:30 PM
FTSE 100 steady as Sino-U.S. talks in focus, buyout offer pushes Merlin higher
UK100
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FTMC
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MERL
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 about flat, FTSE 250 up 0.4%
* Trump-Xi meeting on the horizon
* Merlin rejoices after buyout offer

June 28 (Reuters) - Britain's main index was relatively
unchanged on Friday as investors waited for a crucial Sino-U.S.
meeting this weekend, while Madame Tussauds owner Merlin surged
after a buyout offer.
The FTSE 100 .FTSE was roughly flat, while the mid-cap
FTSE 250 .FTMC added 0.4% by 0710 GMT.
Uncertainty over whether any signs of progress towards a
resolution of Washington and Beijing's trade war would emerge
kept activity among most major sectors muted in early dealings.
Legoland operator Merlin Entertainments MERL.L jumped
14.2% to 451 pence on the mid-cap index after agreeing to be
acquired by the investment vehicle of Lego's founding family and
Blackstone BX.N in a 455 pence a share deal.

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