Today's market overview
The FTSE 100 was marginally up on yesterday's close, while overnight trading in Asia was cautious with market sentiment across the globe largely dominated by Europe's debt woes. Attention will begin to focus on upcoming Italian bond sales, and on this weekend's elections in Greece. It's difficult to know what the likely outcome will be as the results of opinion polls can't be published in the lead-up to the vote, but if the left wing coalition under Alexis Tsipras secures a mandate it could send global markets into a tailspin. Perhaps the most unnerving sign came yesterday when borrowing costs for the UK and Germany rose sharply as fear of contagion spread from the worsening crisis in Spain.
CAIRN BIDS FOR NAUTICAL:
There's been an offer for one of our long-term 'buy' tips. Cairn Energy (
Shares in Jubilee Platinum (
J Sainsbury (
Sports fashion retailer JD Sports Fashion (
F1 STALLS IN SINGAPORE:
It's been reported that ongoing market turmoil has forced the owners of Formula One to delay the planned $3bn IPO in Singapore due later this month. A formal decision by F1's owners, led by private equity firm CVC is expected next week. The owners had been advised to delay the float until after the Greek elections this weekend, but it now seems likely that the offering will not take place before September.
Read today's newspaper share tips and press headlines.