Stocks in London are called to open slightly higher on Wednesday, with all eyes on the property sector.
FTSE 100 housebuilder Barratt Developments announced that it will be taking over FTSE.
Stock prices in London opened lower on Wednesday, after housebuilder Barratt offered to buy FTSE 250 rival Redrow in a takeover deal, which values Redrow at GBP2.5 billion.
The move is a seismic.
Barratt Developments PLC on Wednesday said it agreed the terms of an all-share takeover offer for smaller peer Redrow PLC, valuing Redrow at GBP2.52 billion.
This was alongside both housebuilders.