The FTSE 100 index eventually closed up 8.3 points or just 0.18% to 4,546.3 on Friday as a result of takeover talk for Sainsbury.
Sage Group, the accounting software firm, eventually closed up 4.75p or 2.89% to 169.25p but it was Sainsbury which stole the headlines, gaining a more reserved 4p or 1.44% to 281p by close of business as industry speculation suggests an undisclosed US food retailer may be interested in buying the UK’s third largest supermarket. Any rise in values for Sainsbury and Sage were countered by a fall for catering firm Compass Group which has now been downgraded by analysts after a negative report about potential earnings. Compass dropped 9p or 3.67% to 230.25p. BskyB managed to close up 17....
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