Corus bid continues to push FTSE higher

Resolution was the biggest drag on the index with a fall of 2.3% to 637.5p, closely followed by Legal & General which slipped 1.56% to 157.5p, while Imperial Tobacco Group also fell lower ending the day down 1.76% to £20.13. However, steelmaker Corus posted the biggest gains to keep the FTSE moving higher, rising 5.45% to 527.25p, after both Tata Steel and Brazilian company CSN launched revised share offers for the company. Rolls-Royce Group meanwhile also gained 3.81% to 443.25p, closely followed by International Power which climbed 3.48% to 386.75p, while Shire added 3.3% to end at ...