O2 fails to bring the FTSE down

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The FTSE 100 is on the rise for the fourth session in a row on as it is currently up 9.3 points, or 0.17% to 5353.60, with Royal and Sun Alliance leading the gains.

Many stocks continued the strong run seen in the previous session, as PartyGaming added 0.8% to 94.25p, still buoyed by strong figures from rival 888.com, while BG Group has gained 1.06% to 522.5p, on market speculation that Royal Dutch Shell may bid for the company. Royal and Sun Alliance is showing the biggest gains with a rise of 3.5p, or 3.48%, to 104p, while O2 is currently leading the losers with a 5.38% drop to 198p after Deutsche Telekom's finance chief, Karl-Gerhard Eick, said it was not in the interests of the company's shareholders to bid for the British firm. On Monday, Span...

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