Improved passenger numbers at the UK's airports and news of a major takeover deal have helped to boo...
Improved passenger numbers at the UK's airports and news of a major takeover deal have helped to boost the fortunes of BAA and the FTSE 100 this morning.
The FTSE 100 is currently up 22.8 points or 0.5% to 4265, after BAA apparently handled 13.7m people through its airports in August. BAA also gained 6.25p or 1.3% to 475p as a result.
Another firm which is seeing a lot of activity this morning is Debenhams, the department store chain, as the firm has agreed to sell to a consortium of buyers for £1.7bn.
Merrill Lynch is listed as one of the three buyers, which have agreed to pay 455p a share for the company and Debenham's share price is already up 22.75p to 457.75p.
Aston Villa is said to have been approached by parties interested in buying shares in the club, so its share value has so far risen 5.5p or 2.7%to 206p.
And InterContinental, the hotel chain, is also up 20p or 4.2% to 500p, even though first-half-profits were down 32%, so the gain is thought to be about the disposal of its New York Central Park South hotel.
Pending US figures on sales and confidence are due later today, so the Asian markets made the most today of the expected announcements and the prospect of improving economic conditions.
The Nikkei 225 index closed 1.6% to 10,712.81, led by the usual big names Canon and Toyota Motor Corp. Toyota gained 4.3% to Yen3,670 while Canon added 3.5% to Yen5,890.
The Taiwan TWSE index also gained another 21.85 points to 5645.28 as a new political deal between China and Taiwan will allow EVA Airways and China Airlines to deliver cargo inside China. Markets in Singapore and Hong Kong, however, fell.
And in the US, the Nasdaq had another great day, having gained an extra 1.8 by close of business.
The Nasdaq (tech stocks index) closed up 22.82 points to 1,846 while the Dow Jones gained 39.3 points or 0.42% to 9,459 and the S&P 500 index added 5.5 points or 0.54% to 1,016.
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The majority of financial advisers (85%) believe the number of self-invested personal pension (SIPP) providers will continue to fall in the coming year, according to Dentons Pension Management research.
Short-term noise or something sinister?