FTSE gains again as Xstrata price rises

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Yet more gains for mining firm Xstrata helped the FTSE 100 to move away from the 4900 mark.

The UK’s benchmark FTSE 100 index climbed 10 points or 0.2% to 4916. and the FTSE All-Share Index added 6.23 points or 0.3% to 2473 after Xstrata climbed 49p or 5.1% to £10.125 on the back of its improved offer for WMC Resources – which could give Xstrata the 4th largest deposit of copper and gold. Household goods manufacturer Unilever also closed the day up 16.25p or 3.2% to 524.25p after analysts upgraded its shares to overweight. At the other end of the scale, however, Exel, the logistics company, closed down 4.7% to 832p as there are rumours the firm could be bought. Vodafone G...

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