Strong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak. [14 May '13]
City sources predict the FTSE 100 will open up 17 points from yesterday's close of 6,632, boosted by better-than-expected US retail sales and the first positive reading on the UK RICS house price balance since June three years ago. [14 May '13]
Betfair, the FTSE 250 online betting group, has received and rejected two revised proposals from CVC Capital Partners, Richard Koch, Antony Ball and partners valuing each Betfair share at 920p and 950p in cash, respectively. [14 May '13]
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