FTSE 100 opens higher as election looms; Keywords Studios supports all-cash bid - Market Report

Proactive - Interviews for investors

London's main index has opened higher this morning as election talks grows in both Europe and the US. Tomorrow will see Brits head to polling stations to vote in what could be the Conservative's worst election since the turn of the century. Keir Starmer's Labour is predicted to win 484 of the 650 seats up for grabs, outperforming the 418 taken by former party leader Tony Blair in his landslide win back in 1997 and also the most in its history. Meanwhile, in the US, investors are starting to bet on the likelihood of a Trump presidency after Biden's self-proclaimed loss at the first set of debates last week. Odds for Biden to take office for a second term have dropped by 32% since the live debate, while bets on Trump have been on the rise, says political betting site PredicIt. In company news, Keywords Studios PLC has agreed to an all-cash bid from a consortium led by Scandinavian private equity group EQT. The deal values the video game ancillaries specialist at £2.1 billion or £2.2 billion including debt. The offer, worth 2,450p per share, was flagged last week and follows an original approach worth 2,250p in May. #ProactiveInvestors #marketreport #ftse #ftse100 #footsie #election2024 #keywordsstudio #eqt #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews