- The FTSE 100 was resilient despite a weak performance in the US on Tuesday after 10-year treasury yields hit 3% for the first time in over four years.

The blue-chip index was 0.3% higher at 7,425.

Oil major BP (BP.) remained among the top risers, up 2.3% at 533.5p, following a positive broker note from Goldman Sachs.

Brent crude oil was stable at $74.80 per barrel. Gold gained 0.6% to $1,330 per ounce and copper climbed 1.2% to $3.15 per tonne.


Rare diseases specialist Shire (SH) received yet another takeover offer from Takeda. Shire said it was 'considering its position,' providing the shares a 3.4% boost to £39.30.

Gambling firms William Hill (WMH), Paddy Power Betfair (PPB) and GVC (GVC) suffered share price losses amid media reports the maximum stake on fixed-odds betting terminals (FOBTs) will be cut to £2 a spin.

London Stock Exchange (LSE) unveiled higher quarterly income in an upbeat trading statement for the quarter to 31 March, promoting investors to mark the shares 2% higher to £43.

Activist investor Elliott Capital has built a 5.1% stake in embattled software firm Micro Focus (MCRO), but Elliot's plans for the business are as yet unclear. The shares advanced 1.3% to £12.98.


Inhaled drug delivery business Vectura (VEC) fell 5.6% to 82.1p after Japanese pharma company Sosei confirmed it will not make a takeover offer.

Fibre broadband network builder CityFibre (CITY) received a surprise cash offer from a consortium formed by Antin and West Street Infrastructure Partners after agreeing a £538m deal. Shares in CityFibre catapulted 87.6% higher to 78.8p.

A stronger pound hit Proactis' (PHD) performance in the US and Europe, causing the shares to plummet 40.8% to 112.5p.

Drug development company Redx (REDX) rallied 60% to 10p on the appointment of AstraZeneca (AZN) president Lisa Anson as chief executive officer from June.

Biotech firm Circassia (CIR) was up 3.2% after AstraZeneca announced it would increase its stake to a maximum of 19.9%, up from 14.2%.

Investors overlooked concerns that the UK government could intervene in Daily Mirror owner Trinity Mirror's (TNI) deal to buy the Express tabloids due to the potential impact on editorial decision making. Shares in Trinity Mirror were flat at 82.4p.

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