Bid speculation lifts FTSE spirits

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The FTSE 100 has ended the day up 57 points, or 0.91%, to 6,324.2, following bid speculation surrounding Scottish & Newcastle.

The brewing firm is posting the biggest gains with a rise of 12.05% to 595p, as Heineken is being suggested as a potential buyer, while Tate & Lyle has added 5.33% to 573.5p, and Compass has climbed 4.92% to 335.75p, on positive trading statements. Man Group also performed well with a rise of 4.05% to 565p, while miner Anglo American climbed 2.73% to £26.73, although gains were limited by ICAP which slipped 0.8% to 523.75p. Retailer Next was the biggest loser with a fall of 4.76% to £22.41, closely followed by WPP which slipped 1.22% to 772p, while Kelda Group dropped 1.06% to 935p, a...

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