C&C is unlikely to make a play for Scottish whisky maker Glenmorangie which has come on the market with a stg£220m plus (€330m) price tag.

Relief over a softening in oil prices continued for a second day today as the London market consolidated its position above the 4400 support level.

Weaker mining stocks ensured the FTSE 100 Index failed to take advantage of falling oil prices and a positive session for media companies today.

Whiskey distiller Glenmorangie said today it was in talks with a number of potential suitors about a takeover.