"In the mining sector, shares in Xstrata rose on the back of fresh speculation about a deal with Vale, the Brazilian mining group, which has been working on a takeover offer for the company. Market sources said Vale had already, or was close to, winning the assent of Glencore, a major share holder in Xstrata. The talk also suggested a deal could be announced as early as this weekend, or in the first few days of next week. Xstrata climbed by 0.43 per cent, or 17p, to 3,938p."
http://www.independent.co.uk/news/business/sharewatch/market-report-shire-fizzes-higher-on-pfizer-bid-speculation-796292.html