FTSE LIVE: Pound edges up as Westminster drama resumes ahead of local elections; Auto Trader boss steps down; Provident investors given takeover deadline
- Auto Trader boss Trevor Mather is to retire from the online car dealership
- Investors in Provident Financial will have until May 15 to green light a takeover
- The action in Westminster is set to ramp up again this week amid local elections
It could be a busy week for the pound as politicians jump back into action and get set for Thursday’s local council elections.
Meanwhile, it’s a quiet morning for company news. Auto Trader chief executive Trevor Mather has unveiled plans to retire from the top role at the online car dealership, just months after leading it into the FTSE 100.
And Non-Standard Finance has given Provident shareholders a final deadline of May 15 to accept its £1.3billion hostile takeover offer for the doorstep lender.
It could be a busy week for the pound, but the FTSE 100 opened flat at 7,433.38