Wood Group Spurns Apollo, Again: The London Rush

Wood Group appears to be playing hard to get. The engineering company says it’s leaning towards rejecting a fourth proposal from Apollo because the proposal is still too low. Time will tell whether Apollo comes back a fifth time, but given the spate of companies eyeing US exchanges for listings, a takeover of the FTSE 250 company would mark yet another loss for London’s markets.

Here’s the key business news from London this morning: