The FTSE 100 hit another 12-month high this morning, gaining about 16 points to 4,562 on further bid speculation.
Alliance Unichem, the distributor of drugs to chemists, is up 32.5p to 635p on news of an approach - which follows yesterday's news WH Smith could be bought out by venture capitalist Permira. Barclays is up 13.25p to 505.75p after UBS raised its target share price. BAE Systems is up 4.5p to 221.25p after an upgrade by analysts at Citygroup. Xstrata leads the miners with a 11p rise to 698p after analysts forecast rising global demand on falling exports of coal from China, where domestic power companies are concerned about maintaining stockpiles. Tesco reported a 17% rise in first...
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