A host of takeover offers have sent the FTSE100 skyward this morning, currently 90.60 points (1.72%) higher to 5352.20.
ITV is leading the way on rumours of interest in BSkyB's stake in the broadcaster. It is 8.62% ahead to 41.60 so far. Financials are doing well on news Alliance & Leicester may be snapped up for £1.3bn. Lloyds TSB leads the sector, up 7.44% to 296. Standard Chartered is also doing well, up 5.74% to 1418. A Deutsche Bank downgrade has led Pearson lower; the media company is down 0.43% to 585.50. In New York, the Dow Jones IA fell sharply on Friday at the height of the Freddie Mac and Fannie May woes. US financial institutions were smacked on the negative sentiment, with the Dow closing 12...
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