Takeover frenzy gives FTSE three-digit boost

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The FTSE 100 has ended up 103.90 points, or 1.99%, to 5317.30 after reports of a number of takeover bids sent stocks of O2 soaring.

O2 jumped 41.5p, or 25.27%, to 205.75p after it confirmed it had agreed a 200p per share, £17.7bn cash bid from Spanish rival Telefonica, which said the deal would provide enhanced sales by giving it entry...

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