Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,326.13
    +2,821.82 (+5.94%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Songbird Estates says received no further offers from QIA, Brookfield

Reuters - UK Focus

LONDON, Nov 28 (Reuters) - Songbird Estates, the majority owner of London's Canary Wharf, has had discussions with Qatar Investment Authority (QIA) and Brookfield Property Partners (Other OTC: PGPHF - news) on a takeover offer but received no further proposal, it said on Friday.

The company, in which QIA already has a 28.6 percent stake, rejected an initial approach of 295 pence per share on Nov. 7, saying it undervalued the group.

Songbird said that since June 30 its adjusted net asset value (NAV) had risen 19.2 percent to 381 pence a share at Nov. 27, thanks to improvement in the London property investment market and developments in its Canary Wharf Estate.

(Reporting By Freya Berry; Editing by David Goodman)