Allied Domecq buzz lifts up FTSE

A potential takeover offer for drinks giant Allied Domecq today helped the FTSE 100 Index to bed in above the 4900 barrier.

Allied Domecq buzz lifts up FTSE

A potential takeover offer for drinks giant Allied Domecq today helped the FTSE 100 Index to bed in above the 4900 barrier.

Allied shares fizzed 16% or 88p higher to 625p after it confirmed that talks were underway with French group Pernod Ricard and the maker of Jim Beam bourbon, Fortune Brands, about a deal.

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