FTSE flies higher with BAA

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The FTSE 100 Index rose 14.90 points, or 0.3%, to 5,765 points today as BAA continued to gain ground.

BAA rose 3.08% to 905p after Goldman Sachs was given a deadline by which to make an offer for airports operator. Hedge fund firm Man Group gained 0.95% to 2,443p after Deutsche Bank raised its share price target to 2,820p from 2,620p, keeping its "buy" recommendation. Corus was up 2.01% to 406p after Morgan Stanley raised its rating on the European steel producers sector to "attractive" from "in line". Oil service group Abbot also rose 2.24% to 308.25p. Its recent acquisition, Songa, has won a two-year drilling contract for a jack-up rig with Pemex. The contract provides for a day ...

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