ITV speculation bid ignites FTSE

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The FTSE 100 index has climbed a further 11 points to 5172.10 points in its morning session, paced by bid talk around ITV.

The broadcasting firm has picked up 7.25p to 132p, on the back of a takeover bid speculation by a US consortium including Time Warner, Goldman Sachs and Apax Partners, cast by various media reports. Oil-related firms have also climbed higher, led by led by BP and Shell Transport & Trading as crude oil increased in Tokyo. BP has added 15p to 609p, while Shell has picked up 563p. Mining firm BHP Billiton also climbed 9.5p to 731.5p. At the other end of the board, pub chain Enterprise Inns shed 16p to 833.5p. In Tokyo, stocks advanced for a fifth day led by exporters including Nissan...

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