		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/bid-reports-boost-smith-and-nephew.jpg"><img class="alignnone size-full" title="The FTSE 100 Index dropped 29.2 points to 5955.2." src="http://londonglossy.com/wp-content/uploads/2011/01/min-bid-reports-boost-smith-and-nephew.jpg" alt="The FTSE 100 Index dropped 29.2 points to 5955.2."/></a></p>
<p>Speculation linking Smith &#038; Nephew to bid interest from US rival Johnson &#038; Johnson has prompted a sharp surge in the blue-chip firm&#8217;s shares.</p>
<p>The medical devices firm, which makes knee and hip replacements, reportedly rejected a £7 billion approach several weeks ago, but according to Sky News the American suitor is still considering whether to return with a better offer.</p>
<p>Smith &#038; Nephew shares jumped by 11%, or 74p to 724p, on the speculation, although the potential return of takeover activity failed to inspire the wider London market after a drop of 29.2 points to 5955.2 for the FTSE 100 Index.</p>
<p>Attention was also focused on the retail sector after the latest updates from supermarket Morrisons and department store chain Debenhams.</p>
<p>Morrisons impressed analysts after reporting like-for-like sales growth of 1% for the six weeks to January 2, slightly better than most forecasts. Shares responded with a rise of 2.5p to 272.5p.</p>
<p>And Debenhams held firm, unchanged at 74.2p, after it estimated the impact of the snow cost it up to 3% in like-for-like sales for the 19 weeks to January 8, leaving same-store sales for the period down by 1.3% excluding VAT.</p>
<p>Elsewhere, Persimmon shares were down 0.9p at 436.8p after the housebuilder said it expected profits to be at the top end of expectations.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69e2d73c1007c">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69e2d73c1007c',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
