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* FTSE 100 up 0.08%, FTSE 250 up 0.1%
* easyJet gains on Apollo's 5.7 billion-pound takeover bid
* Vodafone ( VOD ) jumped after e& said it would sell its stake for
almost $6 billion
July 10 (Reuters) - London's FTSE 100 inched up on Friday,
supported by deal-driven gains in Vodafone ( VOD ) and easyJet, though
Middle East tensions kept a lid on further upside.
The blue-chip FTSE 100 index rose 0.08% to 10,480.31
points by 1053 GMT, while the midcap FTSE 250 gained
0.1%. However, both indexes remained on track to post weekly
losses.
* Vodafone ( VOD ) jumped 12.6% to the top of the FTSE 100
after the UAE telecoms group e& said it would sell its
stake in the British telecoms company to the family investment
vehicle of French billionaire Xavier Niel in a deal valued at
nearly $6 billion.
* easyJet rose 14.5% to top the FTSE 250 after the
budget carrier agreed in principle to a 5.7 billion-pound ($7.65
billion) takeover approach from Apollo Global, helping travel
and leisure stocks lead sectoral gains, up 1.6%.
* Industrial metal miners followed, gaining
0.8%, with Atalaya Mining, Antofagasta ( ANFGF ) and Rio
Tinto rising between 1.4% and 1.8%.
* Renewed Middle East tensions weighed on investor sentiment
after Iranian forces attacked U.S. military infrastructure in
Gulf states, further undermining a three-week-old ceasefire and
raising uncertainty over the conflict's trajectory.
* Investment banks and brokerages fell 0.8%,
with St. James's Place among the FTSE 100's worst
performers, sliding 8.7% following a report that Sovereign
Wealth - one of the money manager's largest partner firms - was
in talks to join a Swedish wealth management group.
* Shares of Hays rose 13.8% after the recruiter
said it expects annual operating profit at the top end of market
expectations, helped by cost cuts and improved consultant
productivity.
* On the political front, Andy Burnham moved closer to
becoming Britain's next prime minister after securing
overwhelming backing from Labour lawmakers, putting him in a
strong position to succeed Keir Starmer.