Chemicals make FTSE bubble

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The FTSE 100 is currently up about 8 points to 4,545 after UK stocks commenced Tuesday morning on an upward trend, paced by Imperial Chemical Industries.

ICI rose 9.5p to 246.5p after Ireland's biggest food maker, Kerry Group, said it will pay $440m for the chemicals maker's food-ingredients business. Hanson gained 8.5p to 455.25p after the brick maker yesterday announced it bought US brick maker Athens Brick Co. from Texas Industries in the hopes it would help expand its US operations. In Asia, Tokyo's Nikkei 225 index gained 90.39 points to 11,361.51 earlier today, while Hong Kong's Hang Seng index dropped 187.30 points to 13,731.35. And in the US, the Dow Jones Industrial Average index ended up 94.22 points at 10,678.14 yesterda...

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