London Market Report
|London | Wall Street | Asia|
(Close): Despite early falls on concerns about mounting global political tensions in Ukraine and the Middle East, London's leading shares rallied in afternoon trading.
The FTSE 100 Index closed up 11.13 points, or 0.2%, at 6,749.45.
The main market story was the takeover of Shire Pharmaceuticals by the US firm AbbVie. Shire's directors are recommending a sale for £32bn.
Shares in Shire ended the day up 4% at 4996 pence.
Airline stocks showed signs of recovery after sharp falls in the immediate aftermath of the Malaysia Airlines MH17 crash in Ukraine on Thursday.
Travel operator Thomas Cook failed to recover, falling 1.6%.