FTSE BOOSTED BY ARM TAKEOVER AS ANALYSTS LOOK FOR FURTHER DEALS

FTSE-BOOSTED

According to the Guardian newspaper, despite continuing global concerns – the fallout from Brexit, the attempted coup in Turkey – the proposed £24bn takeover of technology group Arm by Japan’s Softbank has sent leading shares higher.

The FTSE 100 is currently up 24.10 points at 6693.34, with Arm accounting for all that and more (nearly 28 points).

The newspaper added that the Japanese move has put the spotlight on other possible acquisitions, with analysts pointing out that the recent fall in the pound following the Brexit vote has left UK company valuations looking attractive

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