What happened to BTI Initially up over 3% due to the anticipated Reynolds takeover, now down ?
Among equities, cigarette maker British American Tobacco remained the top FTSE 100 riser, jumping 3.6 per cent, or 170.5p higher to 4,973.5p after unveiling plans for a $47billion (£38.3billion) merger with US tobacco firm Reynolds, the maker of Camel and Pall Mall, which would create the world's largest listed tobacco company. BAT currently owns 42.2 per cent of Reynolds.