Debenhams takeover and BBA lift FTSE 100 position

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 p...