Eidos has received a $136.3m cash buyout offer from Elevation Partners, a company recently formed for the purpose of bidding on Eidos.

The offer works out to 50p (96 cents a share), or 71m. It represents a 27.4%premium to Eidos' closing share price last Friday.

Eidos said its board is unanimously recommending the offer to its shareholders.

Elevation Partners is a US based private investment firm formed by longtime Silicon Valley investor Roger McNamee. According to its Web site, the firm also is 'led by' rock star Bono and several others, including John Riccitiello, the former president and COO of Electronic Arts.

Bank of Ireland will today announce it will cut over 2,000 jobs and consider selling its Bristol & West branch network, the Financial Times newspaper reported without citing sources.

The InterContinental Hotels Group plans to puts its entire 130m Australian portfolio up for sale, the Times newspaper reported citing industry sources.

The mineralised zone at Avoca Resources' emerging Trident deposit near Higginsville in Western Australia is now wider than 150m, giving the company further confidence that a bulk tonnage underground operation will be developed...

BHP BILLITON, VEDANTA RESOURCES STARTED AS 'OUTPERFORM' BY GOLDMAN SACHS

Morning all.

Morning all.

Heard a 1/4 point rise on interest rates in the States was already
priced in, as the announcement isn't until after our markets close
guess we wont see the reaction here until tomorrow.
That said DOW is solid at the moment, guess they aren't expecting
any surprises.