London Market Report
- 14 July 2014
- From the section Business
(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 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 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 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.