Rumours of a potential takeover bid for Friends Provident has lifted the FTSE 100 index this morning.
The FTSE 100 index was up almost 16 points or 0.4% to 4418 within the first hour of trading, led by Friends Provident and British Airways. The Sunday Express yesterday reported – without citing sources – the £3.5bn listed life insurer could receive takeover bids from larger firms, which has lifted its own share price 5p or 3.5% to 147.25p. British Airways also gained 3.1% to 297p this morning after reporting its fiscal third-quarter profit rose more than sixfold to £83m. Leeds United football club also rose 0.5% or 19% to 3.13p this morning after the Daily Telegraph reported the cl...
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