London Markets Archives | Email alerts

Oct. 22, 2019, 11:55 a.m. EDT

Pound falls ahead of votes on Brexit bill

Just Eat surges on takeover bid

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    British Pound (GBPUSD)
  • X
    FTSE 100 Index (UKX)
  • X
    Just Eat PLC (JE)

or Cancel Already have a watchlist? Log In

By Steve Goldstein, MarketWatch


Reuters
U.K. Prime Minister Boris Johnson

The British pound traded lower Tuesday ahead of pivotal votes on the fate of the Brexit withdrawal bill negotiated by Prime Minister Boris Johnson.

Johnson told Parliament that if lawmakers reject his 3-day timetable for Brexit bill he will pull it and seek an election. While Johnson controls whether the bill is pulled, he doesn’t control when an election is held.

The bill faced two votes in Parliament on Tuesday, with lawmakers first being asked to approve it in principle, followed by a vote on the government’s schedule for debate and possible amendments.

The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.2256%  traded as low as $1.2892 from $1.2960 on Monday.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.80%  meanwhile gained 0.68% to 7212.49, rising as the pound suffers.

Outside of Brexit news, in London equity markets, Just Eat /zigman2/quotes/205192708/delayed UK:JE +0.89%  shares jumped 24% to 732 pence after getting, and turning down, a 4.9 billion pound cash takeover bid from investor Prosus. Related : Just Eat investors ordered a higher bid. Now they have a £4.9 billion offer

M&G shares /zigman2/quotes/214468176/delayed UK:MNG +0.53%   traded 7% lower on its second day of trading after being split off from Prudential /zigman2/quotes/200530572/delayed UK:PRU -0.72%   . Morgan Stanley initiated coverage at equal weight with a 245 pence price target, arguing its retail asset management continued to experience outflows in the third quarter.

/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.2881
+0.0029 +0.2256%
Volume: 0.0000
Nov. 14, 2019 4:17p
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,292.76
-58.45 -0.80%
Volume: 650,568
Nov. 14, 2019 4:58p
loading...
/zigman2/quotes/205192708/delayed
UK : U.K.: London
746.00 p
+6.60 +0.89%
Volume: 1.88M
Nov. 14, 2019 4:35p
P/E Ratio
128.62
Dividend Yield
N/A
Market Cap
£5.02 billion
Rev. per Employee
£161,688
loading...
/zigman2/quotes/214468176/delayed
UK : U.K.: London
228.00 p
+1.20 +0.53%
Volume: 12.85M
Nov. 14, 2019 4:35p
P/E Ratio
3.87
Dividend Yield
N/A
Market Cap
£5.74 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200530572/delayed
UK : U.K.: London
1,308.00 p
-9.50 -0.72%
Volume: 4.19M
Nov. 14, 2019 4:35p
P/E Ratio
10.59
Dividend Yield
3.83%
Market Cap
£34.67 billion
Rev. per Employee
N/A
loading...

Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

Get news alerts on British Pound — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.