FTSE yo-yos, but ends on high

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The FTSE 100 index has closed on a high this afternoon after a slightly turbulent day, closing 20 points up at 5050.4 points.

Leading the benchmark today was Hanson, the world's biggest supplier of sand and gravel, up 17p at close of trading to 534.5p. Royal & SunAlliance and Corus Group also made gains, up 2.25p to 83.75p and 0.75p to 42.5p, following the news financier Andrew Regan who controls investment vehicle Corus Group, is considering launching a takeover bid for the recovering insurance firm. On the losing side today were BSkyB, which dropped 11p to 514.5p, Whitbread which dropped 11.5p to 915.5p and Cable & Wireless which lost 1.75p to 139.75p. In the US, the Dow Jones Industrial Average index go...

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