FTSE 100 Rallies Most in 14 Months, Paced by GlaxoSmithKline, Lloyds TSB

(Bloomberg) -- U.K. stocks rose for the first time
in six days as profit reports from Lloyds TSB Group Plc and
SABMiller Plc reassured investors that earnings growth will be
sustained. The FTSE 100 Index rallied the most in 14 months.

GlaxoSmithKline Plc advanced after a panel of U.S. doctors
voted to keep the company's diabetes pill Avandia on the market.
Alliance & Leicester Plc rallied on takeover speculation.


Read more at Bloomberg Stocks News

SABMiller S.African bond three times oversubscribed

(Reuters) - Brewer SABMiller's 1.6 billion rand local bond was launched on Thursday and was three times oversubscribed, Rand Merchant Bank (RMB) said.

SABMiller issued a 5-year bond to repay part of existing loans used to fund its South African business.


Read more at Reuters Africa