Speculation surrounding a possible takeover of Sainsburys has pushed the FTSE up by 29.7 points, or 0.47%, to 6,311.9 in early trading.
The supermarket chain is posting the biggest gains with a rise of 14.26% to 508.75p, after a trio of private equity companies revealed they were working on a possible deal after the founding family yesterday sold a significant share of their holdings in the company. Morrisons is also up in sympathy with a rise of 4.75% to 297.5p, closely followed by Imperial Tobacco which is up 4.4% to £21.84, while Kingfisher has added 3.28% to 252p, and Lonmin has gained 3.16% to £31.05. On the downside Sage group is the biggest loser with a fall of 1.81% to 272p, while energy companies are also on ...
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