A near 20% jump in the share price of Halifax Bank of Scotland (HBOS) helped steer the FTSE clear of the 5,000 mark on Thursday.
After yo-yoeing above and below the mark for much of the morning, the blue-chip index had climbed to 5,031.22 by 11.15am, a jump of more than 71 points, or 1.44%.
HBOS tops the winners table in reponse to renewed confidence in the takeover deal by Lloyds TSB. It has added 29.1p, or 19.65%, to its share price, which now stands at 177.2p, while Lloyds TSB is enjoying 7.1% rise on its stock value to 267.75.
Marks & Spencer Group is also an early mover, advancing more than 20p (9.63%) to 230.5. Next and Wolseley are also in the black.
Marginal losses for Cairn Energy, Royal & Sun Alliance and Vedanta Resources, all around the 3% mark, are stemming the FTSE's flow however.
Looking Stateside, the Dow had a turbulent day, closing, down 19.59 points (0.18%) to 10831.07, ahead of the Senate’s announcement.
Intl Business Mach sustained the biggest losses of the day, falling 6.83 (5.84%) to 110.13, with Alcoa close behind, dropping 1.31 (5.8%) to 21.27. Caterpillar and Gen Electric are down 4.45% and 3.92% respectively.
Conversely, Amer Intl Group has risen by 0.62 (18.62%) to 3.95. CitiGroup added 12.14% to 23, while Bank of America gained 8.94% to 38.13. JP Morgan Chase and McDonalds also saw small gains.IFAonline
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