FTSE is shipped higher by P&O

O2, the UK's biggest mobile-phone operator by customers, has jumped 39.5p, or 24.05%, to 203.75p after Telefonica SA, Spain's biggest telephone company, agreed to buy O2 for £17.7bn, or 200p a share. P&O, the largest UK ports company, has advanced 98.75p, or 32%, to 409p, as DP World, a ports operator owned by the Dubai government, approached the company about a takeover. Meanwhile Morrisons is topping the losers at the moment as the supermarket is down 1p, or 0.61% to 163.75p, while Tesco is also falling, having slipped 0.5p, 0.17%, to 297.5p. In Japan stocks ended on a high as th...