In the UK the FTSE 100 Index of leading shares rose for a third day, adding 35.4 points, or 0.7%, to 5332.4 led by Exel after the company received a takeover approach from Deutsche Post
Oil producers such as BP and Royal Dutch Shell climbed as crude traded above $69 a barrel. Exel, the U.K.'s largest goods distributor, jumped 166p to 1172p. Deutsche Post, Europe's biggest postal service, has made an approach that may or may not lead to an offer. BP, Europe's biggest oil producer, added 9p to 641p. Shell, the region's second-biggest, advanced 14p to 1824p. Crude oil for October delivery traded at $69.59 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped 1.3% yesterday after reaching an intraday record of $70.85 on 30 August. ...
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