FTSE 100 Closes Higher at 10,497.29 as London's Vodafone Surges, EasyJet Takeover Bid Lifts Sentiment
London's FTSE 100 index closed higher Friday, adding 24.84 points, or 0.24%, to finish the session at 10,497.29, as strong merger-and-acquisition activity involving Vodafone and easyJet helped offset continued pressure from a sharp decline in pharmaceutical heavyweight AstraZeneca and lingering uncertainty tied to the conflict in the Middle East.
The gain reversed a modest 0.16% decline recorded Thursday, which had been driven primarily by weakness in AstraZeneca, and left the UK benchmark on track for a positive close to the trading week even as the index still finished roughly 1.7% to 1.8% lower over the full five-day period, breaking a two-week winning streak. The FTSE 100 opened Friday's session at 10,471.94, close to Thursday's closing level of 10,472.45, before climbing to a session high of 10,513.90 and holding within a relatively narrow range through the remainder of the day, ultimately settling well above its session low of 10,462.75.
Vodafone shares led Friday's gains among individual index constituents, surging nearly 13% after French billionaire Xavier Niel agreed to acquire Emirates Telecommunications Group's stake in the company, making him Vodafone's largest single shareholder. That deal helped anchor Friday's rally in the telecommunications sector and contributed meaningfully to the broader index's positive session. Betting and gaming group Entain also posted a strong day, rising more than 4%, while retailer Marks & Spencer added just over 2%.
Mining stocks provided additional support to the index Friday, with firm metals prices lifting several major producers. Rio Tinto rose between 0.9% and 1.5% depending on the report........
