The FTSE 100 index is up this morning, rising 22 points or 0.36% to 6,230 led by a flurry of potential takeovers in the energy, finance and media sectors.
Commercial broadcaster ITV has risen 3.25p or 2.9% to 114.25p after weekend newspapers reported the firm is in takeover talks with NTL, the UK’s largest cable TV company, for a bid worth £5.1bn. Scottish Power is also up 2.8% to 761.5p as the firm is said subject to a £12bn bid by ABN Amro Holding and Spanish power giant Iberdrola, according to weekend papers. Its rival British Energy Group is also up 6p or 1.25% to 484p as a result while DSG International has gained 5.75p or 2.68% to 220.25p. Other rumours surfaced in the press at the weekend suggesting Resolution, the newest life insura...
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