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International Power leads FTSE on buyout deal

FTSE 100 makes modest gains as positive US data temper fears over Spain’s high bond yields; International Power (IPR.L) rises 3.2%.

 

Moneysupermarket.com (MONY.L) gained as analysts at Canaccord Genuity raised their target price on the stock from ‘hold’ to ‘buy’ and upped the target price from 120p to 147p.  

Engineers and industrials rose on the FTSE 100. Citywire Top Stock GKN (GKN.L) increased 4.5p, or 2.3%, to 203p and Croda International (CRDA.L) took on 58p, or 2.7%, to £21.90.

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