FTSE on the rise

The FTSE 100 Index enjoyed its second winning session in a row today as news of a £5bn (€6.3bn) takeover move in the mining sector helped boost blue chips.

FTSE on the rise
Wed, 06 Aug, 2008 - 19:08

The FTSE 100 Index enjoyed its second winning session in a row today as news of a £5bn (€6.3bn) takeover move in the mining sector helped boost blue chips.

Platinum firm Lonmin soared 48% higher after an unsolicited takeover approach from Xstrata, which added to higher gold prices to buoy fellow mining stocks.

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