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London stock market closes up in positive territory
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08:30, July 01, 2008

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The shares in the London stock market ended up in positive territory on Monday helped by takeover talk in the mining and telecoms sectors.

The benchmark FTSE 100 index of bluechip stocks closed up 96.0 points, or 1.74 percent, at 5,625.90.

Telelcoms investors got a boost after C&W made a bid for Thus. While Rio Tinto shares gained more than 2 percent after speculation that steel giant Arcelor Mittal was considering taking a stake in the miner.

One of the big losers of the day was Trinity Mirror, which fell more than 22 percent to 116.7 pence.  

Source:Xinhua



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