The benchmark FTSE 100 Index added 1.9 points, to 4618.30, led by Scottish & Newcastle after Merrill Lynch raised its recommendation on shares to ‘neutral' from' ‘sell'.
Scottish & Newcastle climbed 7.5p to 405p with the company adding it expects to meet analysts' forecasts of a profit gain of as much as 9.3 % this year. Glenmorangie rose as much as 237.5p, or 17% to 1,662.5p, the highest in 15 years. LVMH Moet Hennessy Louis Vuitton, the world's largest luxury-goods company, agreed to buy the whisky distiller for £300m, to add to its list of brands. Reuters Group picked up 1.75p to 349.75p. The world's largest publicly traded provider of financial information said it is in exclusive talks with BT to sell its Radianz network unit. HSBC is down 4p t...
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