FTSE 100 Live 11 March: Index falls ahead of big economic week, Currys bidder walks away
Elliott Advisors walks away from Currys takeover, Japan stocks fall amid rate hike speculation.
- Bilawal Riaz
- 1 min read
US investment group Elliott Advisors has decided to walk away from its interest in taking over Currys, expressing frustration over the lack of communication with the board. Meanwhile, speculation suggests Japan’s central bank may raise interest rates, causing Japan stocks to fall. Halifax became the fourth major lender to increase mortgage rates, surprising mortgage brokers. Official data upcoming this week will reveal if the UK is emerging from recession. Ofgem is concerned about net zero costs disproportionately affecting lower income households. The Financial Conduct Authority softens its stance on allowing crypto assets on exchanges for professional investors only. Vinyl records make a comeback in UK’s inflation basket after 32 years. BidStack, an AdTech firm, faces administration. Other stories include Heathrow’s record passenger numbers, updates on retail and telecom companies, and market movements.