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FTSE up on Friends talk

The FTSE 100 opened at 4,389 this morning and lifted higher in early trades boosted by takeover talk.

By 9.17am, the index had gained 0.9 per cent at 4,427 with Friends Provident 2.5 per cent higher upon news of a meeting with Resolution to explore a possible merger.

The insurance sector fared well more widely with Prudential 4.6 per cent higher at 405.75p and Standard Life gaining 0.8 per cent to 191.10p.

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