United Kingdom | Thursday, 20 November 2008
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FTSE seen opening higher

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Posted 25 February 2008 @ 08:38 am GMT

Commodity shares also gained, with BP up 2.5 percent and Royal Dutch Shell putting on 1.7 percent.

In the mining sector, BHP Billiton, Rio Tinto, Anglo American, Xstrata, Kazakhmys and Lonmin climbed between 1.6 and 2.3 percent.

Land Securities added 2.6 percent after the Independent said Australian bank Macquarie was considering a bid in excess of 1.5 billion pounds for infrastructure fund and property outsourcing group Trillium, a unit of Land Securities.

Also in the property sector, Hammerson climbed 4.5 percent after it said its full-year adjusted net asset value rose 3 percent, as its properties on long-term occupier contracts showed resilience in a slowing real-estate market.

Associated British Foods put on 1.4 percent after the Silver Spoon sugar refiner and Primark budget fashion clothing store owner said its first-half adjusted operating profit would show good growth.

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