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GlaxoSmithKline rose 23p to 1483p, carried up by the tide.

Housebuilder Crest Nicholson erected a gain of 16p at 463p after Citigroup lifted its target price to 470p from 420p.

Revived chatter that Gerald Ronson's Heron International has been approached for its 23.3% stake in the company also did the rounds.

Useful investing links FREE SERVICE: Order annual reports for free delivery Online auctioneer QXL ricardo was all over the shop.

It moved between extremes of 12510p and 10745p before closing 119p lower at £120.

Its rise from £70 has been accompanied by persistent takeover speculation and bolstered by tracker fund buying on the assumption it could soon be included in the FT small cap index.

A family of bears including the daddy of them all, Evil Kneivil, believes that QXL will never be allowed in the index because its 'free float' of shares trading on the LSE is below the required 25% limit.

Florissant, a Dutch private equity group, was left holding a 28% stake when a £14 a share bid lapsed earlier in the year and Izaki, an investment vehicle of Israeli entrepreneurs Ron Izaki and Shimon Weintraub, sits on a further substantial shareholding.

Conival firmed ½p to 27/8p after chief executive Jeremy Sc...

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