FTSE high on chocolate

Cadbury Schweppes led the risers, up 2.03% to £5.28, after it was tipped as a possible private equity target, while today’s tie up between RHM and Premier Foods also reflected well on the chocolate maker. Cairn Energy rose 2.09% to £21 as dealers anticipated the upcoming float of its Indian business. Hopes the interest rate cycle peaking could mean the current boom continuing and the expected rush of REIT conversions took Land Securities up 1.37% to £21.40 and Slough Estates up 1.51% to £7.38. In the US, the Dow Jones industrial average is up 46.38 points, or 0.38%, at 12,240.51 po...