Tougher coronavirus restriction rules brought in on Monday failed to temper the excitement on the stock market with traders pushing prices up. Instead, the London Stock Exchange’s FTSE 100 leading index of shares closed the day up 85.26 points, or 1.5%, at 5,927.93. Hopes for a positive outcome in the next round of Brexit talks on Tuesday and new comments from the Bank of England over potential negative interest rates both helped the currency. US casino owner Caesars said it was in advanced discussions to buy UK-based bookie William Hill for around £2.9 billion. The US firm, which is hoping to use William Hill’s expertise as gambling laws loosen Stateside, offered 272p a share.

Source: Irish Independent September 28, 2020 16:52 UTC