The FTSE 100 crossed the 6,600 barrier as it ended the session up 65.9 points, or 1.01%, to 6,603.7, on continued takeover rumours.
Reuters Group led the advance with gains of 25.09% to 615.75p, as it confirmed it has received a preliminary bid approach, although the interested parties have not been named.
Hanson also ended higher with gains of 4.44% to £10.71, following yesterday’s news that HeidelbergCement is considering an offer for the company, while ICAP climbed 4.9% to 535p.
In the mining sector Rio Tinto added 4.65% to £33.10, while BHP Billiton added 4.55% to £12.18, although gains were limited by British Airways which slipped 0.88% to 507p, and Drax fell 0.9% to 775p.
Barclays was the biggest loser with a drop of 1.61% to 732.5p, after a Dutch court put its bid for ABN Amro on hold, while Royal Bank of Scotland also declined 0.87% to £19.46.
In the US, the Dow Jones Industrial Average is up 29.5 points, or 0.22%, to 13,270.88 in early trading, as a strong jobs report has boosted the index.
Hewlett-Packard is posting the biggest gains with a rise of 1.84% to $43.62, closely followed by Merck which is up 1.32% to $52.23, while AT&T has advanced 1.05% to $39.31.
Intel has climbed 1.01% to $21.97, while Disney has added 1.01% to $36.05, although gains are being limited by Verizon Communications which has declined 1.19% to $40.58.
Microsoft is the biggest loser with a fall of 1.49% to $30.51, closely followed by Home Depot which has slipped 0.51% to $38.86, while Altria Group has dropped 0.43% to $69.47, while Boeing has sank 0.26% to $93.61.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
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