Boots news kicks FTSE higher

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The FTSE 100 is up 23.7 points, or 0.38%, to 6,268.9 in early trading, as take-over news continues to push stocks higher.

Alliance Boots is leading the gains with a rise of 6.72% to 992.5p, following the deputy chairman's £10 per share offer on Friday, while orthopaedics group Smith & Nephew is up 4.1% to 640.75p, after the acquisition of its Swiss rival Plus for just shy of $900m. ICI is also up 4.9% to 487p, as it is again being talked of as a possible target, while Rexam has added 2.5% to 533p, and miner Anglo American has advanced 2.47% to £25.28. However Sainsbury is limiting losses with a drop of 2.02% to 533p, closely followed by Tate & Lyle which is down 1.06% to 560p, while Marks & Spencer is do...

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