Bid talk takes FTSE to six-year high

Cable & Wireless was top blue chip riser, up 3.01% to £1.79, as the shares spiked on the back of reports Deutsche Telekom is mulling a possible bid. Supermarket groups were again in demand, with Tesco and Wm Morrison among the leaders as traders await further bid developments at rival J Sainsbury. Tesco rose 1.04% to £4.38, Morrison gained 2.64% to £3.11 and Sainsbury rose 1.28% to £5.16. Credit Suisse upgraded Lloyds TSB to 'outperform' from ‘neutral’ as part of a wider review of the UK banking sector, taking the firm up 1.35% to £5.98. Bradford & Bingley gained 1.51% to £4.70, Nor...