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According to a report by Reuters, the market rose after a pick-up in mergers and acquisitions talk, as well as strong economic information coming from China.
The FTSE was up by 78.13 points at 5,303.35, following on from a 0.5 per cent rise on Tuesday.
Some of the biggest movers this morning included British company Cable & Wireless Worldwide, which rose by 5.5 per cent after talk of possible bid interest from US rival AT&T.
And another telecoms firm Vivendi increased its annual profit target after its first half results were better than expected.
Moreover, yesterday morning stock exchange traders may have been alerted to the fact that the FTSE 100 dropped by 61.37 points, despite a 0.9 per cent gain on the Friday before the August bank holiday weekend.
Posted by Clive Arneil
