Related Companies

• Bradford & Bingley
• BG Group
• BHP Billiton
• Marks & Spencer Group
• Nord Anglia Education
• TDG

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• FTSE 250
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• FTSEurofirst 300
• FTSE Small Cap
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• Mining
• Industrial Transportation
• General Retailers

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Date: Friday 04 Jul 2008

• Market Movers
• FTSE 100 5,444.40 -0.59%
• techMARK 1,358.28 -0.77%
• FTSE 250 8,558.70 -1.13%

LONDON (ShareCast) - London has opened lower with Bradford & Bingley's comings and goings unsettling investors and Marks & Spencer taking another lurch downwards.

Bradford & Bingley is lower after leading shareholders stepped in and rescued its £400m fund raising after US private equity group Texas Pacific (TPG) walked away.

Marks & Spencer is the worst performer on worries over its trading this year. Goldman Sachs yesterday cut its rating on Marks to "neutral" from "buy" after the company reported a fall in first quarter like-for-like sales.

Origin Energy has advised shareholders to reject a $13.1bn bid from BG Group. BG replied that "Origin has not yet addressed the very significant risks for shareholders inherent in any alternative proposals to monetise its gas resources. Nor, in rejecting BG Group's bid, has Origin indicated with any degree of certainty that any of those alternatives could generate higher value for shareholders when compared against BG Group's all-cash offer."

Miner BHP Billiton has reached an agreement with China's Baosteel on the price for iron ore deliveries for the contract year starting 1 April 2008.

Nord Anglia has agreed a bid of 460p per share cash from Baring Asia Private Equity. The offer values the entire issued and to be issued share capital of Nord Anglia at approximately £190m.

Logistics group TDG has agreed a takeover from investment group Laxey Partners on the last day of a put up or shut up deadline issued by the Takeover Panel. Laxey Partners will pay 250p per cash per share, an offer that values TDG in total at £203m.

• News Channel