The FTSE 100 is called to open lower this morning following Friday's performance on Wall Street and in Asia overnight although with the latter the Japanese market is shut for a public holiday as investors continued to react to the Fed's decision to leave US interest rates unchanged and the news that in Greece the former PM Alex Tsipras looks set to return to power after the weekend election outcome. There is no major economic data due for release today for investors to focus on. Commodity prices are range bound and on the foreign exchanges, the pound is slightly higher against both the dollar and the euro but all the major currencies are within narrow trading ranges. Today sees the latest quarterly FTSE indices changes take effect with Berkeley Group replacing Weir in the FTSE 100 but otherwise it is a quiet start to the week for major corporate news.
Company Announcements
RSA
Zurich Insurance has ended talks about a possible takeover of the company due to the recent deterioration in the Swiss insurer's trading performance. RSA has also confirmed that the discussions have ended noting that it continued to make good progress in the delivery of its action plans and results in July and August had been positive and ahead of its expectations. It added that it looks forward to the future with confidence in its prospects and will next update the market with its Q3 IMS on 5 November 2015.
Contributed by SVS Securities
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