FTSE 100

Global markets slide as Hormuz ceasefire collapses

The FTSE 100 opened sharply lower on Monday as the collapse of a fragile ceasefire agreement over transit rights through the Strait of Hormuz rattled investor confidence across European and emerging markets, threatening to reignite inflation in energy-dependent economies.

Prologis raises Segro bid to £13.5B, adds cash option

Prologis disclosed on Monday a third takeover proposal for UK warehouse landlord Segro, now including a partial cash alternative that values the company at 993 pence per share, or approximately £13.5 billion ($18.2 billion). Segro's board unanimously rejected the offer…