FTSE

BHP Billiton Gains On Hedge Fund Move

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By lunchtime, the FTSE 100 was 7.67 points or 0.1% lower at 7,341.70. (Noon): BHP Billiton was the top gainer on the FTSE 100 index after one of its shareholders pressured it to adopt a restructuring plan. The mining giant’s shares rose 4.6% in Monday morning trading after hedge fund manager Elliott Advisors said it … Read more

Sports Direct Increases Debenhams Stake To 16%

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Mike Ashley’s Sports Direct has raised its stake in High Street department store chain Debenhams. Regulatory filings show Sports Direct has now upped its interest in Debenhams stock from 13.38% to 16.09%. But instead of buying Debenhams shares outright, the sports firm instead holds “options in stock”, which gives it a right to buy shares … Read more