Bid speculation lifts FTSE spirits

clock

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, and...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read