The FTSE 100 index has shaken off a minor glitch yesterday by adding 22 points to 4930.3 points this morning, led by Allied Domecq, after a report from Wall Street Journal said Pernod Ricard SA could make an offer to purchase the company.
Liquor firm Allied has added 31.5p or 6.4% to 523.5p.
British Airways has also added 6.25p to 276.75p after reporting better-than-expected results, while raising its revenue forecast for the fiscal year, and espite recent pressures on the oil price.
Exel is also up 20p to 844p.
At the other end of the scale, Imperial Chemical Industries has shed 3.25p to 238.75p, while mining group BHP Billiton has lost 9p to 663.50p.
In Japan, the Nikkei 225 Stock Average lost 0.3% to 11,360.4 points, led by Sumitomo Mitsui, down 1.7% to 686,000 yen, after local newspapers reported the lender may post a loss in the year ending March, putting aside cash to pay off bad debt.
Japanese Bank, UFJ lost 3.5% to 572,000 yen, while Mizuho Financial Group dropped 1.4% to 495,000 yen.
Automaker, Toyota was also down 0.3% to 4,050 yen, after reporting that its third-quarter profit increased by 3.5% to $2.85bn, however, below analyst’s expectations.
And in the US yeserday, the Dow Jones Industrial Average declined 3.69 points to 10593.10 points, led by Intl Paper, down $0.99 to $39.29.
Honeywell International picked up $0.74 to $37.48.IFAonline
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