RBS bid limits early FTSE gains

Although in M&A news, Royal Bank of Scotland is the biggest loser with a fall of 2.1% to 629p, after it formally announced a bid for ABN AMRO worth €38.40 per share, or €71.1bn, while Centrica has also fallen 1.18% to 378p. Drug company GlaxoSmithKline has slipped 1.95% to £13.08, closely followed by miner Vedanta Resources which has dropped 1.54% to £14.67, while Kingfisher has fallen 1.09% to 250p, although losses are being offset by BSkyB which is up 1.64% to 650.5p. However, Vodafone is posting the biggest gains with a rise of 3.96% to 157.4p, as it revealed full year revenue of £31...