The FTSE 100 index ended Thursday's trading up 12.6 points at 4,435.4 as the market waited for the OPEC announcement, while Marks & Spencer declined and SABMiller advanced.
Just an hour before close of UK stock market trading, the oil producing members of OPEC announced it would increase oil production. However, such a move was anticipated, so the oil price has remained unmoved at around $40 a barrel or $47 a barrel in London. SABMiller, one of the world’s largest brewers, rose 17.5p to 669.5p after dropping its bid for China's Harbin Brewery Group, which could now go to Anheuser-Busch given they topped its SAB's offer by 30%. Clothing retailer Marks & Spencer also closed the day down 9.75p, or 2.7%, to 356.25p, after rejecting a £10bn takeover deal from...
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