The FTSE 100 Index has added 14.3 points, or 0.2%, to 6004.40 points this morning, led by Compass Group and Tesco.
Compass Group has added 2.9% to 242p. The world's largest caterer has appointed Richard Cousins as chief executive officer to replace Mike Bailey. Tesco has climbed 3.2% to 345.5p on news it may place its £12bn freehold property portfolio into a real estate investment trust to boost investor returns. Babcock has also soared 19% to 322p after BAE Systems and VT Group said they may make a joint bid for the defence and engineering contractor to take advantage of consolidation in the shipbuilding industry. In Japan, the Nikkei 225 Stock Average added 71.50 points, or 0.4%, to 16,560.87 po...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
