In the UK the FTSE 100 Index has hit the 5,300 mark, adding a further 18 points this morning, led by Amvescap.
The mutual fund company has picked up 9.75p to 422.50p and is reported to be in a takeover bid by US business CI Fund Management, which, according to Sunday papers, has appointed investment banking and legal advisers for the deal. Shell continues to climb, with its ordinary A shares reaching 30p higher to 1777p, along with its B shares up 28p to 1834p this morning. Royal & Sun Alliance shed 2.75p to 88p, along with a host of mining firms including Xstrata down 19p to 1,191p, Rio Tinto, down 20p to 1876p and BHP Billiton losing 8p to 798.50p. Sunday papers reported General Motors as se...
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