Boots leads FTSE gains

A surge in shares in Alliance Boots fuelled an advance for the London market today as investors jumped on the stock after a bidding war for the pharmacy and retail giant erupted in the City.

Boots leads FTSE gains
Fri, 20 Apr, 2007 - 12:32

A surge in shares in Alliance Boots fuelled an advance for the London market today as investors jumped on the stock after a bidding war for the pharmacy and retail giant erupted in the City.

Boots was trading 8% higher at 1134p, up 84.5p, after private equity groups Kohlberg Kravis Roberts and Terra Firma went head to head in a battle for the group.

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