Financial News

London's main FTSE 100 share index closed above 6,000 on Thursday, the first time it has ended above the key psychological level since May. Boosted by record highs this week on the Dow Jones in New York, and takeover talk in the steel sector, the FTSE 100 finished up 38 points to 6,004.5. Steel group Corus was the biggest riser, up 16% after Indian firm Tata said it was considering a takeover bid. The FTSE was also helped by the Bank of England keeping rates on hold at 4.75%. However, the Ba ...

LONDON (Dow Jones) -- A report commissioned by an influential French lobby group has proposed a compromise deal for Euronext that could see the pan- European exchange tie-up with both the NYSE Group and the Deutsche Boerse. Henri Lachmann, the report's author, suggested that Euronextshould take control of Deutsche Boerse'sequity business in exchange for a 15% to 20% stake in the European exchan ...

European shares pushed back towards five-year highs on Thursday afternoon as deal talk lifted steelmaker Corus and airline Aer Lingus, oil and metal producers advanced and after central bank moves on interest rates met market expectations. The U.K. FTSE 100index rose 0.7% at 6,009, as Corus Group (CGA) shares rose by more than 13% amid hopes that it will enter into a deal with India's Tata Stee ...

Michael Clarke, This is Money5 October 2006 Reader comments (1) The board of Aer Lingus has told shareholders that it had unanimously rejected the audacious £1bn offer from Ryanair made earlier today. AIRLINE BID: O'Leary had made a cheeky bid for its rival WANT TO KNOW MORE? DATA: Ryanair's share price FTSE: Risers and fallers READER SERVICE: Share dealing BLOG: Why have I trusted Michael O'Leary? OTHER STORIES Top woman at Topshop quits Market report: Thursd ...

NEW YORK (AFX) - Stocks fell on Thursday despite strength in retailers' September sales. In the opening minutes, the Dow Jones industrials lost 14.93 points to 11,835.68 and the Nasdaq eased 1.42 points to 2,289.53. The S&P 500 dropped 1.37 points to 1,348.85. On Wednesday, the Dow industrials set a new record for the second day in a row, with the Dow jumping 123 points, the Nasdaq Compos ...

Mickey Clarke, Evening Standard5 October 2006 Anglo-Dutch steelmaker Corus was by far the best-performing bluechip today, with its shares soaring almost 12% amid mounting speculation that a bid may be on the way. OTHER STORIES Ryanair in £1bn Aer Lingus bid Investors dial into Vodafone Bank puts off rate rise Oil jumps as Opec announces cut Ukbetting signals gambling shake-up ...

LONDON (Dow Jones) -- Shares of Corus Group Plc rose as much as 18%, touching a six-year high, on Thursday as Tata Steel, India' top private steelmaker, confirmed that it was mulling a possible takeover bid for the Anglo-Dutch group. "Given recent industry consolidation, Tata Steel is reviewing a number of global opportunities," Tata said in a statement, which was prompted by media speculation  ...

LONDON (Dow Jones) -- Shares of Corus Group Plc rose as much as 12% on Thursday as Tata Steel, India' top private steelmaker, confirmed that it was mulling a possible takeover bid for the Anglo-Dutch group. "Given recent industry consolidation, Tata Steel is reviewing a number of global opportunities," Tata said in a statement, which was prompted by media speculation surrounding Corus. "In t ...

(Updating with further details) LONDON (AFX) - Leading shares broke through the key 6,000 level as merger and acquisitions speculation fuelled gains in Corus, while a rebound in energy stocks and expectations that UK rates will be kept on hold added to news the Dow closed at record highs, dealers said. At 9.00 am, the FTSE 100 was 36.7 points firmer at 6,003.2, with the broader indices all posit ...

This is Money5 October 2006 Indian steel giant Tata Steel said today it was considering a takeover move for former British Steel firm Corus. WANT TO KNOW MORE? DATA: Corus' share price ADVICE & TIPS: Investing READER SERVICE: Share dealing BOARDS: Corus chat OTHER STORIES Ryanair £1bn Aer Lingus bid Market report: Thursday 09:30 Investors dial into Vodafone Borrowers b ...