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FTSE 100 bolstered by Sky share surge | |
(about 4 hours later) | |
(Close): Sky shares soared in late Friday trading after it was announced that US media giant 21st Century Fox had made a takeover approach for it. | |
Sky's share price ended the day nearly 27% higher at £10. Media tycoon Rupert Murdoch controls 21st Century Fox, which already owns 39.1% of Sky. | |
ITV also benefited from the activity in the sector, rising 5.5%. | |
Overall, the FTSE 100 index closed up 22.66 points at 6,954.21, notching up five consecutive days of gains. | |
It was the 100-share index's best week since July. | |
Mediclinic International was another biggest riser on the index, up 4.6%. | |
In the FTSE 250, shares in Euromoney fell 6.25% after Daily Mail and General Trust said it would cut its holding in the company to about 49% from 67%. | |
On the currency markets, the pound dipped 0.08% against the dollar to $1.2577 and rose 0.63% against the euro to €1.1933. |