Plans by water supplier Severn Trent to spin off its Biffa waste management business kept the FTSE 100 Index above the 6000 mark today.

Water company Severn Trent starred today as the London market’s top riser after revealing plans to demerge its Biffa waste management business.

Speculation surrounding BAA increased today after a report said a private equity group was working on a possible bid for the airports operator.

THE owner of a construction company at the centre of a £130 million (€193m) lawsuit is said to have appointed advisers to consider the sale of the business.