London stocks were set to rise at the open on Friday despite a slip on Wall Street overnight amid interest rate worries as traders got ready to take off for the Christmas break.
The FTSE 100 was called to open up around 16 points at 7,477.
Unsurprisingly there was little corporate news to drive sentiment.
UK renewables income fund Bluefield Solar has bought a 46.4 megawatt solar portfolio from North America’s Fengate Asset Management.
Bluefield said the enterprise value of the portfolio is £56m, including the economic benefit of all cashflows from May 2022. The portfolio contains £27.3m of long-term amortising debt provided by Australian private equity outfit Macquarie.
Auto distributor Inchcape said Peruvian authorities had cleared its planned £1.3bn takeover of Derco, with completion of the deal expected to take place by the end of the year.
The green-light follows approval from Inchcape’s shareholders last week. Derco is the biggest automotive distributor in Latin America and runs sites in Chile, Peru, Colombia and Bolivia.
