The FTSE 100 climbed to a five-year high today, gaining 51 points, or 0.8%, to 6,133 points, led by a raft of copper-focused miners.
Xstrata jumped 4.56% to 2,087p, Kazakhmys rose 4.29% to 1,239p and Antofagasta gained 5.11% to 2,468p.
Money and futures broker ICAP leapt 10.79% to 528.75p as it agreed to buy interbank foreign exchange and commodities platform EBS Group for $775m cash.
Bristol Water ended 10.26% higher at 1,064p after it agreed to a cash bid worth about £170m, or 1,060p per share, from Spanish group Agbar.
Eurasia Mining soared close to a 12-month high, rising 116.67% to 8.12p, after discovering a previously unknown and unmined alluvial platinum deposit in its West Kytlim licence in the Central Urals of Russia.
Meanwhile, advertising giant WPP led the fallers, down 0.78% to 701p, as first quarter like-for-like revenues up by nearly 5% disappointed.
In the US, the Dow Jones industrial average has gained 29.69 points, or 0.3%, to 11,372.58 points, its highest since January 2000 after 3M reported earnings that topped analysts' estimates and oil prices declined.
3M has rallied $2.31, or 2.8%, to $84.91 after it said first-quarter profit rose 17% to $899m on increased sales of industrial and security items.
Schlumberger, the world's largest oilfield-services company by market value, has advanced 39 cents to $68.46. The company agreed to purchase Baker Hughes's stake in their WesternGeco venture for $2.4bn in cash.
KCS Energy, which explores for oil and natural gas in the US, has climbed $1.64 to $30.30 after Petrohawk Energy agreed to buy KCS for $1.6bn to create a company with natural-gas reserves of almost 1 trillion cubic feet.
Titanium Metals has jumped $4.51 to $62.15 after the maker of titanium parts for airplanes announced a 2-for-1 stock split. The shares have soared since reaching $5.88 in January 2005.IFAonline
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