FTSE falls down mine

BAA soared more than 20% after Spanish construction giant Grupo Ferrovial said it was considering a bid as part of its expansion into in the booming European sector. BAA's shares closed 14.9% higher at 752.5p and boosted shares in other sectors long regarded as targets for mergers and acquisitions, such as utilities and banks. United Utilities gained 2.87% to 700p, Severn Trent rose 2.07% to 700p and bank Lloyds TSB was 1.72% higher at 533p, all on persistent bid talk. But miners and heavyweight oil stocks fell as investors adjusted their views on the sector following substantial lo...