2 March 2021 | 16:36pm
StockMarketWire.com - Strength in the mining sector helped the FTSE 100 lead the pack on Tuesday, outstripping counterparts in the US and Europe. Its 0.4% gain to 6,613.75 comparing with a 0.5% decline in the S&P 500 by 4.30pm UK time.
Engineering group Renishaw rallied 18.7% to £68.85 after it put itself up for sale following a decision by founders and major shareholders David McMurtry and John Deer to sell their stakes in the company.
McMurtry and Deer, who were Renishaw s chairman and deputy chairman, respectively, owned about 53% of the company, including shares held by their connections.
Housebuilder Taylor Wimpey rose 0.2% to 166.9p even as it reported a 68% slump in annual profit after construction markets were hit by the Covid-19 pandemic and associated lockdowns.