Dealmaking in the City continues to enjoy an upturn after two property firms today unveiled a tie-up that will create a venture big enough for the FTSE 100 index.
Tritax Big Box, the owner of major warehouses used by retailers, will have a value of about £4 billion through its £924 million offer for UK Commercial Property REIT.
As well as the recent flurry of merger deals, traders are looking ahead to a busy week of economic updates including inflation figures in the UK and United States.
Key Points
Warehouse firms to create £4bn venture
Big economic week ahead
Heathrow reports strong month
FTSE 100 closes flat ahead of big economics week
The FTSE 100 has closed flat at 7,573.69 today, with trading subdued ahead of a big week of economic data.
Ocado, Frasers and Burberry were the top risers, while Rolls-Royce, AstraZeneca and GSK were the biggest fallers.
Tomorrow, investors will digest the latest employment data, before inflation on Wednesday, GDP - and the verdict on recession - on Thursday and retail sales on Friday.
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