Business

BT Group shares rise as EE confirms bid talks



Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

FTSE 100 Index

Last Updated at 20 Oct 2017, 15:21 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7523.23 +
+0.19
+
+0.00

Top winner and loser

Standard Chartered

772.10 p +
+23.40
+
+3.13

Fresnillo

1367.00 p -
-51.00
-
-3.60
value change %

FTSE 250 Index

20146.88 +
+15.36
+
+0.08

FTSE 350 Index

4180.73 +
+0.63
+
+0.02

FTSE All Share Index

4127.92 +
+0.71
+
+0.02

FTSE Techmark Index

4648.00 +
+1.35
+
+0.03

(Close): BT shares climbed 2.2% after the owners of the EE mobile phone network confirmed they were in talks over selling EE to the UK firm.

On Monday, BT said it was in talks with two mobile operators about a possible purchase, with one network being Telefonica's O2.

Deutsche Telekom and Orange, joint owners of EE, have now confirmed that EE is the other firm being eyed by BT.

The benchmark FTSE 100 index closed almost flat, down 2 points at 6,729.17.

A rise in mining shares helped support the index, with shares in Antofagasta up 3.8% and Randgold climbing 1.1%. Analysts said the sector was looking cheap, despite falls in commodity prices.

But the biggest downward move came in the FTSE 250, where shares in Thomas Cook sank more than 17% after its chief executive quit.

Harriet Green - who joined the travel firm two years ago - stunned the markets with her resignation. She said her work at the company was "complete".

Ms Green will be replaced by chief operating officer Peter Fankhauser, who will take over with immediate effect.

Shares in rival travel company Tui fell 2%.

Catering group Compass fell 1.3% despite the company reporting a 5.4% rise in underlying pre-tax profits to £1.16bn.