The FTSE 100 Index is up 27.10 points, or 0.5%, to 5,860 points this morning, led by takeover activity.
Supermarkets group Morrison has climbed 1.16% to 196.75p after a Sunday newspaper reported a private equity consortium of Texas Pacific, CVC and Permira is considering a £6bn bid for the group. Bid speculation has also lifted financial software company Misys up 6.28% to 228.50p. BAE is the top faller, down 3.11% to 358.25p, after the company said Rothschild had set a price of 2.75bn euros for a 20% stake in planemaker Airbus. This was below the 5bn euros estimated by recent media reports. In Japan, the Nikkei 225 Stock Average added 66.44 points, or 0.4%, to 15,571.62 points after the...
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