Merger talk drives FTSE

ITV is up 3p or 2.92% to 105.75 as there are suggestions it may be a takeover target. AB Ports, Britain's biggest port owner, has also risen 1.5% to 882p as the media yesterday reported Australia's Macquarie Bank is to make a £2.7bn for AB Ports – higher than the Goldman Sachs bid offered. And DSG, the owner of consumer electronics retail companies including Dixons and PC World, has climbed 1.2% to 191.75 pence after agreeing to sell its Link high street telephone chain to Telefonica’s O2 mobile unit. In Asia today, shares broke their earlier three-day rally as there is fresh invest...