These FTSE listed stocks, Morrison, Sainsbury, BP, Centrica, and JD Sports, are likely to be in action today.
Morrison Supermarkets Plc (LON: MRW)
The supermarket company agreed to a takeover bid worth £6.3 billion offered by an investment groups consortium led by Fortress, owned by SoftBank. The company partnered with Koch Real Estate Investments and Canada Pension Plan Investment to make the offer that would give shareholders 252p per share and an additional 2p special dividend.
The shares of the company closed at GBX 239.80 on 2 July.
J Sainsbury Plc (LON: SBRY)
The supermarket chain would invest £50 million in its products prices. The move is expected to make several of its items available to its shoppers at much cheaper rates. Sainsbury said that 60 core fresh produce, dairy products, and meat would see prices slashed by month-end. The move comes at the backdrop of stiff competition from German discount rivals like Lidl and Aldi.
The shares of the company closed at GBX 272 on 2 July.
BP Plc (LON: BP)
BP Plc, along with Russia’s Lukoil PJSC, is planning to sell its Iraq assets, the oil minister of Iraq said. Ihsan Abdul Jabbar in a Facebook video said that BP is planning to pull out from the Rumaila field, while Lukoil has informed him of selling West Qurna-2 field stake to Chinese companies. Exxon Mobil Corp is also planning to sell its stake in West Qurna-1.
The shares of the company closed at 321.40 on 2 July.
Centrica Plc (LON: CNA)
The energy services multinational company is readying a £1.6 billion-overhaul of the rough gas storage site. The overhaul is being planned so that the site could store hydrogen instead of methane. The company said that the overhaul of the site would create about 3,000-4,000 jobs during the construction phase and would also help in furthering the climate goals by helping to develop hydrogen market.
The shares of the company closed at GBX 52.46 on 2 July.
JD Sports (LON: JD.)
The company on Monday announced transfer of ownership of DTLR Villa to the company’s US unit, Genesis Topco. The move was planned to align all the company’s US businesses under one entity to ease its expansion there.
The shares of the company closed at GBX 985 on 2 July.