Thursday, May 3, 2007

U.K. FTSE 100 Advances to 6-1/2-Year High, Paced by Unilever and Shell

(Bloomberg) -- U.K. stocks rose to their highest in more than 6 1/2 years after earnings from Unilever Plc and Royal Dutch Shell Plc beat analysts' estimates.

Barclays Plc rallied after a Dutch court blocked a transaction that was key to the bank's plan to buy ABN Amro Holding NV. Hanson Plc surged after Germany's HeidelbergCement AG said it may make an offer for the company. Prudential Plc climbed after a newspaper reported that a major shareholder said a breakup of the insurer has merit.


Read more at Bloomberg Stocks News

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