The FTSE 100 index closed 25.7 points or 0.44% higher at 5,858 points today as Vodafone confirmed it is in talks to sell its struggling Japanese unit, Vodafone KK.
Vodafone gained 8.71% to 121.75p, bringing the FTSE back into the blue after being hammered by a warning from chip giant Intel over its first quarter revenues. BAA also rose 3.16% to 833p as it benefited from renewed bid hopes. It is thought to be facing a revised 920p per share offer from Ferrovial as early as next week. BT Group continued to feed off rumours of interest from several private equity groups, with its shares rising 6.13% to 220.75p. Interest in Cairn Energy also flared up again as the oil explorer clocked up yet more gains on the back of speculation India's Oil and Natu...
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