Created: May 05, 2007 11:00 AM
LONDON - Britain's top share index rose 1.01 percent to a new closing high for the year, on mergers and acquisition activity, with Reuters' shares rising almost a third after the company said it had received a take-over approach. The FTSE 100 ended up 65.9 points, or 1.01 percent at 6,603.7, breaking through 6,600 as other European stock markets also rallied on M&A activity. The index gained 185 points since last Friday.ROUNDUP:EUROFIRSTEUROPE - European shares rallied to their highest close in more than six years as miners rose on the back of strong base metal prices, while Reuters took pole position after receiving a take-over approach. Shares in news and financial data provider Reuters surged 25 percent, with Canadian publisher Thomson widely touted as a suitor. Reuters did not say who the bidder was and Thomson declined comment. The pan-European FTSEurofirst 300 index jumped 0.7 percent to end at 1,593.9. The FTSEurofirst 300 index rose nearly 1.7 percent this week, clocking gains for the third consecutive week.ROUNDUP:EUROmarketsFRANKFURT - The DAX index ended at 7,516.76 points, up 40.07 or 0.54 percent, rising 138.64 points over the week.
PARIS - The CAC-40 index closed at 6,068.83 points, up 64.55 or 1.08 percent, 138.06 points higher on the week.
ZURICH - The Swiss market index closed at 9,455.47 points, up 62.42 or 0.66 percent, up 35.57 points from a week ago.
MILAN - The All Share Mibtel index closed at 34,090 points, up 221 or 0.65 percent. The index added 198 points since last Friday.ROUNDUP:nikkeiTOKYO - The Japanese stock markets were closed for a public holiday. On Wednesday the Nikkei closed up 119.94 points at 17,394.92. The index lost 5.49 points since April 27.ROUNDUP:hang sengHONG KONG - Blue chips ended at a record closing high after a surprise last-minute surge drove the market 0.8 percent higher, with Henderson Land scaling 9-[1/2]-year peaks to lead a rally in property stocks. The benchmark Hang Seng Index ended up 159.5 points, or 0.77 percent at 20,841.08, rising 314.58 points on the week.ROUNDUP:asxSYDNEY - Shares rose 0.95 percent to end at an all-time high and a third straight record closing peak, as strong metal prices lifted the world's top miners, while a lower inflation forecast from the central bank soothed interest rate concerns. The benchmark S&P/ASX 200 index added 59.3 points to close at 6,304.9, adding 153.3 points over the week.ROUNDUP:south africaJOHANNESBURG - Index heavyweights BHP Billiton and Anglo American Plc boosted shares as metal prices rose and Merrill Lynch said private equity funds may turn their focus on miners. The All-share index closed at 28,649.7 points, up 371.47 or 1.31 percent, gaining 573.51 points on the week. The All Gold index closed at 2,850.83 points, up 24.51 or 0.87 percent, losing 41.52 points since April 27. The Industrial index closed at 19,868.61 points, up 32.81 or 0.17 percent. The index gained 122.49 points over the week.