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The Independent UK
The Independent UK
Business
Karl Matchett

Business news live: FTSE 100 latest after Shell reject BP takeover bid reports and Nvidia sets record high

British Petroleum Shell United States Stock Market

Europe’s stock markets and major indices fell on Wednesday, including the FTSE 100, amid ongoing caution from investors over geopolitical tensions and trade tariff uncertainty. While there has been no escalation between Israel and Iran following a fragile-seeming ceasefire, Brent oil did stabilise around $68.

However, along with the FTSE 100, there were also drops for the German DAX, French CAC 40, Spanish Ibex 35 and others as investors took a risk-off approach in the main. Overnight, reports then emerged of a bid from Shell to take over oil rivals BP - quickly rejected by the former.

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