European markets are flat or down as investors remain cautious. But weekend media reports raise speculation about possible foreign takeover bids for big UK companies including drinks maker Diageo – said to be targeted by Brazilian group, infrastructure group Balfour Beatty eyed from China and telecoms heavyweight BT Group, which might be getting a call from Deutsche Telekom. Maybe none of them will happen, but the market liked the ideas. Swiss pharma group Syngenta has again rebuffed an approach from Monsanto, despite a sweetener. Deutsche Bank’s share sizzles after joint CEOs Jain and Fitschen resign.
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