The FTSE 100 Index is up 42.5 points, or 0.7%, to 5,765.1 this morning, beating a four and a half year high of 5,750.3 set earlier this month.
Shares in UK steel firm Corus have jumped 6.25p, or 9.96%, to 69p while Germany's Thyssen has added 7.83% to 21.90 euro. Shares of steelmakers Mittal and Arcelor have been suspended amid market talk of a merger. Arcelor has gained 1.79% to 22.22 euro but Mittal has fallen 0.12% to 26.03 euro. P&O has climbed 4.60% to 546p after state-backed Dubai Ports World upped its bid to 520p a share late on Thursday, topping a previously agreed 470p a share offer from Singapore's PSA International. In Japan, the Nikkei 225 Stock Average jumped 569.66 points, or 3.6%, to 16,460.68, the highest ...
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