FTSE climbs higher

Brewing group Scottish & Newcastle led London shares higher today after European rivals Heineken and Carlsberg confirmed long-running speculation over their interest in the firm.

FTSE climbs higher
Wed, 17 Oct, 2007 - 18:28

Brewing group Scottish & Newcastle led London shares higher today after European rivals Heineken and Carlsberg confirmed long-running speculation over their interest in the firm.

Shares in S&N jumped 19%, or 119.5p to 756p, as analysts suggested a 800p-a-share price tag, valuing the firm at £7.5bn (€10.7bn).

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CourtsBusinessFTSEPlace: USPlace: AvivaEvent: Northern RockOrganisation: FTSEOrganisation: group Scottish & NewcastleOrganisation: LondonOrganisation: CarlsbergOrganisation: NewcastleOrganisation: HeinekenOrganisation: S&NOrganisation: Bank of EnglandOrganisation: Rio TintoOrganisation: LonminOrganisation: Vedanta ResourcesOrganisation: HBOSOrganisation: Royal Bank of ScotlandOrganisation: HSBCOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: MorrisonsOrganisation: TateOrganisation: Associated British FoodsOrganisation: Carphone WarehouseOrganisation: Patni Computer SystemsOrganisation: ScottishOrganisation: PeroniOrganisation: SABMillerOrganisation: Molson CoorsOrganisation: Enterprise InnsOrganisation: Punch TavernsOrganisation: BritvicOrganisation: Tate & LyleOrganisation: Imperial TobaccoOrganisation: Northern Rock
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