The FTSE 100 has ended the day above the 6,000 barrier with a rise of 38 points, or 0.64%, to 6,004.5, on the possibility of Corus being involved in a takeover deal.
The Anglo-Dutch steelmaker was the biggest gainer with a rise of 16.26% to 463.75p, on reports Indian steelmaker Tata Steel is considering an offer for the company, closely followed by BG Group which is up 3.44% to 646.5p. Miners also performed well with BHP Billiton up 4.14% to 906p, closely followed by Rio Tinto which climbed 3.58% to £24.87, while Vedanta Resources ended 3.41% higher at £12.12. However Swiss miner Xstrata was the biggest drag on the index with a drop of 7.57% to £20.15, closely followed by British Airways which dropped 1.83% to 442p, while Alliance Boots fell 1.83% t...
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