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FTSE 100 dips but William Hill shares up after bid fails

The FTSE 100 slips in early trade, but shares in William Hill rise after Rank and 888 abandon their attempt to merge with the bookmaker.

888 Holdings and Rank withdraw a proposed tie-up with William Hill which would have created the UK's largest gambling group.

Bookmaker William Hill rejects an improved takeover approach from 888 and Rank, saying it still "substantially" undervalues the company.

Bookmaker William Hill again rejects a 3.16bn takeover approach from 888 and Rank, saying there is "no merit" in considering the bid.

William Grant & Sons has launched 14- and 18-year-old Tullamore Dew Irish whiskies on a limited release.

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