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The FTSE 100 is making a slow start this morning as it has inched up by 6.4 points, or 0.12%, to 5323.70, despite declines by BP and Royal Dutch Shell as the price of oil is trading at a three-month low.

The FTSE 100 has ended up 103.90 points, or 1.99%, to 5317.30 after reports of a number of takeover bids sent stocks of O2 soaring.

The FTSE 100 has made a strong start to the day with a rise of 67.40 points, or 1.29%, to 5280.80, led higher by gains for O2 and P&O after both companies received takeover approaches.

After a topsy-turvy day the FTSE has ended on a high moving up 30.60 points, or 0.59% to close at 5213.40 after reports of good GDP growth in the US gave a last minute boost to the index.

The FTSE 100 has erased about half its gains from yesterday currently down 20.1 points to 5207.7 despite good earnings reports from Shell and British American Tobacco.

After an early afternoon lull, the FTSE 100 has ended up 45.7 points, or 0.88%, to 5227.80 at its close, with oil and mining stocks topping the risers.

The FTSE 100 index has made a good start this morning rising 36.1 points or 0.7% to 5218.2 thanks to gains by Anglo American and BP.

The FTSE 100 has opened slightly weaker falling 7.7 points to 5,199.9, thanks to dropping shares from BP and Whitbread, although a rally on Wall Street after the nomination of the next US Federal Reserve chairman is lending support.

A solid performance from oil and mining stocks and a big advance from SCi entertainment has pushed the FTSE 100 through the 5,200 mark leaving it up 65.50 points, or 1.27%, to 5,207.60 at the end of trading.

The FTSE 100 has advanced 11.6 points, or 0.2, to 5153.70, in early trading, as Compass Group rose after reports it may be a target for a US buyout firm. Corus Group and BP also made early gains.