Updates from Morrisons, Ultra Electronics and Alstom

Adrian Holliday

A 17-point climb on Friday for the FTSE 100 taking it to 6,825. By a huge margin, Shire was the biggest riser, up 16.93% to 4,371 as it rejected a third takeover bid from AbbVie, a US drugs giant. IAG also gained, up 2.40% to 384p while Whitbread also saw a 2.40% jump, to 4403p. Melrose Industries sank 2.78% to 262p.

The Dow Jones climbed again, up 26.6 points to 16,947 with a boost for drug makers. %VIRTUAL-SkimlinksPromo%