Market News and Views
The FTSE 100 is called to open higher this morning, recovering some of the previous session's falls in tandem with modest gains overnight in Asia after Wall Street turned higher late on Friday. Federal Reserve chairman Ben Bernanke said the central bank could end up buying more than $600bn in U.S.government bonds it has committed to purchase if the economy failed to respond or unemployment stayed too high. Asian equities, edged higher on Monday, responding positively to U.S. moves but paused slightly after reaching three-week highs in the previous session.
Today's Company announcements
De La Rue confirmed today it' recieved a highly preliminary and opportunistic approach' from another company. "There is no certianty this highly preliminary approach will lead to an offer. A further announcment will be made as and when appropriate" it said. The confirmation comes after Sky News reported late Sunday that it rejected a £750m approach from French company Oberthur Technologies. The all cash offer was made in the past few weeks, Sky said on a reporters blog. It was rebuffed as Da La Rue thought the offer undervalues the comany.
