LONDON (TheDeal) -- European markets were mixed Monday, torn between hopes that the U.S. Federal Reserve will delay raising interest rates after a weaker-than-expected first quarter, and continuing pessimism over a solution to the Greek question.
In London, the FTSE 100 was up 0.34% at 6,984, though down from the morning's peak of just over 7,000. And it was the same in Paris, where the CAC 40 was down 0.19% at 4,984 after edging over 5,000 in earlier trading. In Madrid, the IBEX 35 moved up and down to trade on both sides of the psychologically important 11,300 mark. In Frankfurt, the DAX was up 0.83%, moving over the 11,500 threshold to 11,538.70, while in Athens the General Index was down 1.65% to 798.55.
Auction poker continues to stir excitement in the online betting world. Gibraltar-based gambling business Bwin.party Digital Entertainment (PYGMF) attracted a cash-and-shares bid from rival 888 Holdings (EIHDF) Monday, following its announcement of a reverse takeover approach from the much smaller GVC Holdings on Friday.
Then, citing a person with knowledge of the situation, The Financial Times reported that GVC was teaming up with Canada's Amaya Gaming for a joint cash-and-shares bid valuing the company at €1.5 billion ($1.7 billion). Amaya would ultimately buy Bwin.party's poker business, while GVC would take the rest.
Bwin.party has a market capitalization of around £870 million, while 888 has a market cap of £604 million. Bwin.party is up 11.11% at 110.5 pence, while 888 Holdings is down 3.09% at 164.5.
U.K. facilities management and outsourcing company Mitie (MITFY) was up 2.54% to 295 pence, after announcing that the restructuring costs of exiting its money-losing mechanical and electrical engineering construction and asset management divisions are now behind it. The company said it made operating profit of £128.6 million ($201.6 million) before exceptional costs of £72.6 million, mostly related to the two disposals.
U.K. engineering software company Aveva (AVEVF) was up 12.15% at 2,085 pence, following a weekend report in Rupert Murdoch's Sunday Times newspaper that what it described as a "pack" of European and American conglomerates were plotting bids for the company, which has a market capitalization of £1.17 billion ($1.83 billion). It named Schneider Electric (SBGSF) of France and General Electric (GE) and Emerson Electric (EMR) of the U.S., although it admitted that no offers were yet on the table.
In Tokyo, the Nikkei 225 was up 0.8% at 19,890.27, while in Hong Kong, the Hang Seng finished the day down 0.83% at 27,591.25. In China, the Shanghai Composite was down 0.58% at 4,283.49.