Monday, July 16, 2007

FTSE climbs as RBS sweetens ABN bid; US weighs

(Reuters) - The FTSE 100 index of Britain's leading shares edged higher in choppy trade on Monday after late profit-taking in the U.S. on Friday restricted higher gains, as the takeover battle for ABN AMRO heated up.

Royal Bank of Scotland added 0.5 percent after the consortium it is leading boosted the cash element of its 71.1 billion euro bid for Dutch bank ABN. The bid is above a rival offer from Britain's Barclays.


Read more at Reuters Africa

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