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BREAKING NEWS

FTSE 100 inches up, LSE lags as Hong Kong bourse nixes bid

FTSE 100 inches up, LSE lags as Hong Kong bourse nixes bid
Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson/Files -
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SIMON DAWSON(Reuters)
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(Reuters) – The FTSE 100 gained a bit on Tuesday, with investors hopeful ahead of U.S.-China trade talks later this week, which overshadowed a slump in LSE after the Hong Kong bourse dropped its takeover bid and recruiters fell after weak trading updates.

The FTSE 100 <.FTSE> edged 0.1% higher by 0707 GMT, with the midcaps <.FTMC> also rising by the same level.

Ahead of the trade negotiations, corporate news dominated market moves, with LSE <LSE.L> falling 6% after Hong Kong Exchanges and Clearing <0388.HK> scrapped its unsolicited $39 billion offer as it failed to convince LSE management.

Recruiters Pagegroup <PAGE.L> and Robert Walters <RWA.L> plunged 15% and 10.4%, respectively, after their results revealed that a host of macroeconomic troubles including the U.S.-China trade war, Hong Kong protests and Brexit heavily hindered performance.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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