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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/bp-deal-helps-ftse-100-record-rise.jpg"><img class="alignnone size-full" title="The FTSE 100 Index edged into positive territory, up 3.5 points to 6005.5" src="http://londonglossy.com/wp-content/uploads/2011/01/min-bp-deal-helps-ftse-100-record-rise.jpg" alt="The FTSE 100 Index edged into positive territory, up 3.5 points to 6005.5"/></a></p>
<p>Investors gave the thumbs up to BP&#8217;s £10 billion deal with Russia&#8217;s Rosneft while takeover talk also spurred on fellow blue chip stocks.</p>
<p>BP rose more than 2% after Friday&#8217;s announcement of an Arctic exploration alliance and share swap with Russian government-owned Rosneft after markets closed.</p>
<p>The wider FTSE 100 Index edged into positive territory, up 3.5 points to 6005.5, as takeover hopes boosted technology firm Smiths Group and medical devices group Smith &#038; Nephew.</p>
<p>Reports of opposition to BP&#8217;s deal from its partners in the Russian TNK-BP joint venture failed to hold back share gains for the oil giant, up 8.4p to 507.9p. It will take a 9.5% stake in Rosneft while Rosneft will own 5% of BP following the deal, which the UK Government described as &#8220;groundbreaking&#8221;.</p>
<p>Smiths group headed up the risers board with a 11% surge, ahead 144p to 1426p, following Friday&#8217;s after-close announcement that the firm had rejected a £2.45 billion cash approach for its medical arm.</p>
<p>Smith &#038; Nephew followed it with a further 5% gain, up 37.5p to 722.5p after weekend reports that US suitor Johnson &#038; Johnson is preparing to make a formal offer for the group worth £7 billion.</p>
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