06:10
It has been a good morning for most investors on the London Stock Exchange, with the FTSE 100 and the FTSE 250 both up by more than 1% as traders have their elevenses, if that’s still a thing.
The mid-cap FTSE 250 has, in fact, set its latest record high above 23,300 points. It is hovering slightly below that now, up 1.4% for the day.
The biggest riser is Meggitt thanks to the takeover deal it has reached with US company Parker Hannifin. Parker was clearly going for a knockout blow with its offer: a premium of 71% to Friday’s close will make it very difficult for independent-minded investors to counterpunch.
Meggit shares duly performed the kind of leap that makes…
