FTSE 100 movers: Simon lays out offer for Capital Shopping

15th Dec 2010 13:49

Simon Property has written to Capital Shopping Centres (CSC), today's top riser in the FTSE 100, outlining an indicative proposal worth 425p a share in cash, or almost £3bn, from US mall owner Simon Proeprty Group.CSC points out that any bid is subject to financing. The CSC board is meeting today. Hammerson has sold its joint venture that owned the Bishops Square building in London to JPMorgan Asset Management. Hammerson owned 255 of the joint venture and will receive £79m - a book gain of £34m. United Utilities heads the fallers after it went ex-dividend. The fall is nearly double the 10p a share interim dividend. Elsewhere, Barclays has been hit by worries about Spain's debt rating. FTSE 100 - RisersCapital Shopping Centres Group (CSCG) 409.00p +3.20%Autonomy Corporation (AU.) 1,438.00p +2.20%Rexam (REX) 316.90p +1.93%Scottish & Southern Energy (SSE) 1,169.00p +1.65%Experian (EXPN) 801.00p +1.20%G4S (GFS) 253.40p +1.12%Compass Group (CPG) 574.50p +0.88%Shire Plc (SHP) 1,500.00p +0.81%Hammerson (HMSO) 417.70p +0.77%ICAP (IAP) 536.00p +0.75%FTSE 100 - FallersUnited Utilities Group (UU.) 577.50p -3.43%Barclays (BARC) 263.25p -3.22%Fresnillo (FRES) 1,565.00p -1.88%Aggreko (AGK) 1,487.00p -1.85%Cairn Energy (CNE) 407.00p -1.81%Sage Group (SGE) 278.10p -1.80%BAE Systems (BA.) 331.70p -1.72%Tullow Oil (TLW) 1,216.00p -1.62%GKN (GKN) 204.40p -1.45%TUI Travel (TT.) 233.30p -1.35%