London pre-open: Stocks to fall back

6th Jun 2011 07:30

Shares are seen down this morning, with the top share index losing 25 points to 5,830.Spirits brands owner Diageo is set to acquire SABMiller's stake in a Kenyan brewery firm for around £140m. Through its subsidiary East African Breweries Limitied (EABL), Diageo - famous for its brands Smirnoff and Guinness - will buy a 20% stake from SABMiller's African subsidiary in Kenya Breweries Limited (KBL) for a cash consideration of 19.53bn Kenyan shillings.Budget airline easyJet saw a sharp rise in the number its passengers flew in May from the same period the previous year as travellers continued to splash out on cheap flights. It flew 4.74m passengers during the month, up from 4.26m in the same month the previous year.Media buyer and market research group Aegis has confirmed speculation that it is in talks with the research think tank Ipsos about a "potential transaction" of Aegis's market research business Synovate. A Sunday Telegraph report said that Aegis is in talks to sell Synovate to Ipsos in a deal that could be worth £500m.---RG