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Version 4 Version 5
London Market Report London Market Report
(about 5 hours later)
(Noon): The London market edged higher on Monday, with the FTSE 100 index ticking up 45 points to 6,735.17 in early trading. (Close): The London market edged higher on Monday, with the FTSE 100 index closing up 58.66 points, or 0.88%, to 6,748.83.
UK drug firm Shire's shares jumped 2% after it said it would recommend US firm AbbVie's sweetened offer of £53.20 per share to shareholders. UK drug firm Shire's shares jumped 1.3% after it said it would recommend US firm AbbVie's sweetened offer of £53.20 per share to shareholders.
Sports Direct shares rose 4% after it said it would enter the Australian and New Zealand markets for the first time. Sports Direct shares rose 3.6% after it said it would enter the Australian and New Zealand markets for the first time.
The expansion comes after it agreed a deal with discount retailer MySale.The expansion comes after it agreed a deal with discount retailer MySale.
The FTSE 100 saw its biggest weekly drop since March last week after fears over concerns about the health of Banco Espirito Santo - one of Portugal's biggest banks.The FTSE 100 saw its biggest weekly drop since March last week after fears over concerns about the health of Banco Espirito Santo - one of Portugal's biggest banks.
On the currency markets, the pound fell 0.01% against the dollar to $1.71140 and dipped 0.14% against the euro at 1.25594 euros. On the currency markets, the pound fell 0.19% against the dollar to $1.70820 and dipped 0.31% against the euro at 1.25370 euros.