FTSE 100 Live: Currys confirms rejected bid, blue-chips open flat

It added: “There can be no certainty that any of these discussions will lead to a consensual agreement, but Esken believes that a consensual outcome would be in the interests of all parties and will take all reasonable steps to facilitate such an outcome. The company is also undertaking contingency planning, including exploring access to alternative funding to cover its liquidity needs. The recapitalisation proposal, if agreed to by the company or imposed on it by the courts, could have a material adverse impact on the group.”