London stocks rise as Direct Line rejects Aviva's £3.3B bid and Renewi sees takeover proposal.

London stocks edged up, with the FTSE 100 at 8,287.93, as Direct Line shares surged over 35% after rejecting a £3.3 billion takeover bid from Aviva, calling it "highly opportunistic." Renewi's shares soared 43.5% following a £700.9 million takeover proposal from Macquarie. Meanwhile, UK consumer confidence weakened, with personal finances expectations slightly improving but concerns over the economy's strength persisting.

November 28, 2024
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