FTSE 100 movers: Bid talk lifts British Land

14th Aug 2009 15:28

Shares in British Land continued to rise today on reports the property firm could get a bid worth £10bn. Indian steel giant Lakshmi Mittal and Abu Dhabi's ruling family have approached Credit Suisse to prepare a possible bid, according to the Telegraph.The investors from Abu Dhabi and a group of Indian families were originally thought to be interested in buying Broadgate Circle, which is British Land's flagship development in the City.Balfour Beatty continues its strong run after the engineer and constructing contractor posted a rise in interim profits on Wednesday, helped by a strong pipeline of orders from the public sector.Old Mutual and Prudential are in the red as the insurance sector gives back some of the gains it posted yesterday when the Pru lifted its dividend after what it described as a 'strong' performance. FTSE 100 - RisersBritish Land Co (BLND) 513.50p +4.14%British Airways (BAY) 175.20p +2.52%London Stock Exchange Group (LSE) 765.00p +1.80%Balfour Beatty (BBY) 350.70p +1.59%Tullow Oil (TLW) 1,061.00p +1.43%Sage Group (SGE) 211.40p +1.29%Cairn Energy (CNE) 2,477.00p +1.18%Hammerson (HMSO) 401.70p +1.11%Wolseley (WOS) 1,413.00p +0.93%Anglo American (AAL) 1,939.50p +0.91%FTSE 100 - FallersOld Mutual (OML) 89.70p -4.42%Eurasian Natural Resources (ENRC) 775.00p -4.14%TUI Travel (TT.) 237.00p -3.89%Petrofac Ltd (PFC) 878.50p -3.46%Prudential (PRU) 512.00p -3.31%HSBC Holdings (HSBA) 648.30p -3.09%Smiths Group (SMIN) 780.00p -2.80%Xstrata (XTA) 788.00p -2.72%Friends Provident Group (FP.) 75.70p -2.20%Vodafone Group (VOD) 126.20p -2.17%