Business

Fresh bid talk lifts shares in Peppa Pig firm Entertainment One

City traders Image copyright Getty Images

(Close): Shares in Entertainment One - the owner of the Peppa Pig children's TV series - have jumped on speculation it could face another takeover bid.

Reports at the weekend said the FTSE 250-listed company could face a bid approach from private equity firm KKR. Shares in Entertainment One rose 6.78% to 255p.

Entertainment One rejected a £1bn bid from UK broadcaster ITV last week.

London's benchmark FTSE 100 index rose 25.17 points to 6,941.19.

Shares in software group Sage rose despite news of a data breach. The company said it was "investigating unauthorised access to customer information using an internal login".

Reports said the data breach could have compromised personal information for employees at 280 UK businesses.

On the currency markets, the pound was down 0.38% against the dollar at $1.2871. It was also down 0.64% against the euro at €1.14920.

Currency traders will be eyeing a run of key data due out this week, when inflation, unemployment and retail sales figures for July - the first full month since the Brexit vote - will be released.