FTSE high on Boots merger prescription

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In the UK, the FTSE 100 index of leading shares is up 13.6 points at 5,491.30 in morning trading. Leading the benchmark is a Boots/Alliance Unichem merger providing the early excitement.

Leading the benchmark is a Boots amd Alliance Unichem merger providing the early excitement. In Japan, stocks fell after the Bank of Japan's Tankan survey showed weaker-than-expected confidence among the nation's largest manufacturers. Banks including Mitsubishi UFJ Financial Group led the declines. The Nikkei 225 Stock Average lost 49.02 points, or 0.4% to 13,525.28 at its close in Tokyo a short while ago. Mitsubishi UFJ Financial, the world's largest bank, with 10% more assets than closest rival Citigroup, dropped 7,000 yen, or 4.7%, to 1.42 million. Mitsui Trust Holdings, Japan's ...

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