The FTSE 100 Index gained 9.50 points, or 0.2%, to 5,879 points today, led by steelmaker Corus.
Corus gained 1.57% to 403.50p on bid hopes, as traders cast an eye again ahead of results next week. Russia's Evraz and Serverstal have been touted as possible suitors. Vodafone rose 1.35% to 112.25p on news it has agreed to sell its 25% stake in Belgian mobile phone operator Proximus to Belgacom for €2bn in cash. Lloyds TSB and Barclays gave up much of their earlier gains, sparked by renewed talk of a bid by Bank of America. Lloyds TSB ended up 0.57% to 526p and Barclays advanced 0.85% to 649.50p. Prudential fell 0.60% to 576.50p after Credit Suisse cut the life insurer to “neutral” ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
