Boots news kicks FTSE higher

clock

The FTSE 100 is up 23.7 points, or 0.38%, to 6,268.9 in early trading, as take-over news continues to push stocks higher.

Alliance Boots is leading the gains with a rise of 6.72% to 992.5p, following the deputy chairman's £10 per share offer on Friday, while orthopaedics group Smith & Nephew is up 4.1% to 640.75p, after the acquisition of its Swiss rival Plus for just shy of $900m. ICI is also up 4.9% to 487p, as it is again being talked of as a possible target, while Rexam has added 2.5% to 533p, and miner Anglo American has advanced 2.47% to £25.28. However Sainsbury is limiting losses with a drop of 2.02% to 533p, closely followed by Tate & Lyle which is down 1.06% to 560p, while Marks & Spencer is down...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read