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FTSE 100 rises as Micro Focus shares surge on HP deal | FTSE 100 rises as Micro Focus shares surge on HP deal |
(35 minutes later) | |
(Open): The FTSE 100 gained in morning trade, helped by a 21% rise in UK tech firm Micro Focus following its takeover of Hewlett-Packard's software business. | (Open): The FTSE 100 gained in morning trade, helped by a 21% rise in UK tech firm Micro Focus following its takeover of Hewlett-Packard's software business. |
Micro Focus has agreed to buy Hewlett Packard Enterprises (HPE) for $8.8bn, including the assets of UK software group Autonomy. | Micro Focus has agreed to buy Hewlett Packard Enterprises (HPE) for $8.8bn, including the assets of UK software group Autonomy. |
Berkshire-based Micro Focus was promoted to the FTSE 100 last week after ARM was acquired by Softbank. | |
Overall the FTSE 100 was up 32.48 points to 6,879.06. | Overall the FTSE 100 was up 32.48 points to 6,879.06. |
Dixons Carphone shares were up 3.6% after it reported a 9% increase in first-quarter sales and "no detectable impact" from the Brexit vote. | Dixons Carphone shares were up 3.6% after it reported a 9% increase in first-quarter sales and "no detectable impact" from the Brexit vote. |
Property comparison website Zoopla was 1.4% higher after it said full-year profits should be close to the top end of market expectations. | Property comparison website Zoopla was 1.4% higher after it said full-year profits should be close to the top end of market expectations. |
Publishing group Pearson was the biggest faller on the FTSE 100, dropping 4.6%. | Publishing group Pearson was the biggest faller on the FTSE 100, dropping 4.6%. |
On the currency markets, the pound was flat against the dollar at $1.3350. Against the euro, it was little changed at €1.1857. | On the currency markets, the pound was flat against the dollar at $1.3350. Against the euro, it was little changed at €1.1857. |