Stock prices in London opened in the red on Tuesday, with some US interest rate cut optimism cooling after hawkish words from Federal Reserve central bankers.
The FTSE 100 index opened down 29.22.
XP Power Ltd shares jumped on Tuesday after its board unanimously rejected takeover approaches by New York-listed Advanced Energy Industries Ltd.
The maker of power control systems received.
XP Power Ltd - Rejection of unsolicited approach PR Newswire LONDON, United Kingdom, May 21 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM