London house market bounces back as workers return to office – live updates

London house market bounces back as workers return to office – live updates

T he FTSE 100 has kicked off the week in positive territory as traders keep their focus on the situation in Ukraine. The blue-chip index rose 0.5pc at the open to 7.554 points. I t could well be third time lucky for the Kuwaiti suitor circling John Menzies. The airport services firm said it's ready to accept a £560m takeover approach after the proposal was sweetened for a third time. Agility Public Warehousing is now offering 608p per share in cash for the company after tabling an initial bid of 460p. Menzies said its board voted unanimously to recommend the bid to shareholders. Agility now has until March 9 to make a formal offer. C hinese tech stocks tumbled this morning, heading for their worst two-day drop since July amid fears Beijing could clamp down further on the sector. Video game giant Tencent led the losses, falling as much as 6.3pc, while Alibaba dropped 4.3pc. The country’s banking watchdog issued a warning last week against fund-raising and investment products relating to the metaverse. An industry body this morning vowed to resist speculative trades in the capital market. The sell-off was also prompted by a new policy aimed at curbing delivery