Friday, May 4, 2007

M&A drives FTSE up nearly 1 pct; Reuters shines

(Reuters) - Britain's top share index rallied nearly 1 percent by mid-session on Friday to set a new year high amid a flurry of merger and acquisition talk, led by Reuters, which said it had received a preliminary bid approach.

At 1055 GMT, the FTSE 100 was up 62.6 to just above the 6,600-mark, hitting its highest level since September 2000 for the second time this week and outperforming other major European markets.


Read more at Reuters Africa

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