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BT shares rise as EE confirms talks | BT shares rise as EE confirms talks |
(about 5 hours later) | |
(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. | 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. | 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". | 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. | 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. |