The FTSE 100 index ended the day in positive territory as the mining sector was buoyed by the bid by Xstrata for Lonmin.
Lonmin shares closed at £34.26, 48% up on last night's close of £23.19, adding £1.8bn to the company's market value. It meant the shares ended the day above the £33 level of Xstrata's bid - which was rejected by the platinum specialist as "opportunistic and entirely unwelcome". At one point the shares went as high as £35.
The FTSE 100 closed up 31.6 points at 5486.1, a 0.6% increase.
Most of the FTSE 100's biggest gainers were from the mining sector, including the British platinum distributor and processor Johnson Matthey, up 107p to £16.16.
Eurasian Natural Resources increased by 67p to £10.17, while copper specialist Antofagasta was up 22.5p to 542.5p
Iron ore producer Ferrexpo gained 9.75p to 266.75p, and Anglo American rose by 85p to £27.79. Xstrata slipped back 33p to £31.67, however.
Shares in commercial broadcaster ITV ended down 2.7p at 43.6p, after the company revealed advertising revenues would be down 20% in September.
