Defence deal pushes FTSE higher

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The FTSE 100 is up 23.2 points, or 0.39%, to 5.923.6, as Saudi Arabia has agreed to buy a number of fighter jets from BAE Systems.

BAE Systems, Europe's biggest weapons company, has gained 2.85% to 370.25p after it agreed to supply Saudi Arabia, the largest economy in the Middle East, with 72 Eurofighter Typhoon jets in a deal which could be worth £6bn. Imperial Tobacco, Europe's second-largest cigarette maker, has advanced 1.8% to £18.1p, while British American Tobacco has gained 1.24% to £14.64, after a US Court found cigarette makers liable for violating racketeering laws but did not inflict any major financial penalties on the industry. Elsewhere, PartyGaming, despite a good day yesterday, has fallen 2.2% to 11...

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