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Oil majors support Britain's FTSE, Ted Baker up on M&A chatter


Reuters

Oil majors support Britain's FTSE, Ted Baker up on M&A chatter


July 22 (Reuters) - London's main index held steady on Monday as oil heavyweights rose amid heightened tensions in the Middle East, while energy firm Centrica fell on reports of a dividend cut and Ted Baker was in demand after multiple media reports of takeover plans.

The FTSE 100 index of bluechip companies was flat at 0710 GMT, while the FTSE 250 midcap index was 0.1% lower.

Oil majors Royal Dutch Shell Plc and BP Plc were higher, tracking gains in crude prices on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the Middle East. O/R

Among midcaps, Ted Baker Plc added 3.2% after the Times that the company's founder Ray Kelvin was considering plans to back a private equity buyout of the company (graphic).






This article appears in: Stocks , World Markets , Oil



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