April house prices show weak rise Rightmove
Dunelm gains on Stifel upgrade
Medica Group surges on buyout deal
FTSE 100 flat, FTSE 250 down 0.2
April 24 Reuters London39;s FTSE 100 ended Monday39;s session flat ahead of a busy earnings week, while shares of telemedicine services firm Medica Group hit a more than fiveyear high on a buyout deal.
Medica Group surged 33.8 after accepting a takeover bid by private equity firm IK Investment Partners for 269 mln pounds 334 mln in cash.
Medica is the latest to be snapped up by a private equity firm, said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
It39;s fresh evidence that UK assets are considered to be cheap, weighed down by the impact of Brexit, the weaker pound, and the stagnating domestic economy.
The FTSE 100 closed flat, while the midcap FTSE 250 was down 0.2.
Oil giants BP and Shell added 0.7 and 0.3, respectively, tracking strength in crude oil prices .
Base and precious metal miners extended losses into a fourth session and were the biggest drag on the commodityheavy FTSE 100 on concerns about demand recovering in topconsumer China.
The prior week, the FTSE 100 logged its fifth consecutive weekly rise, marking its longest streak of weekly gains in more than a year.
Markets are now looking for fresh catalysts as investors await company earnings later this week to gauge the impact of monetary tightening on firms.
Lender Barclays Plc and consumer companies like Reckitt and Unilever…