Jardine Lloyd Thompson's share price has soared this morning on rumours of a takeover bid.

JLT's stock price started the day at 347p and reached a high of 415p before levelling off at 394p at 12.00am, representing an increase of 14%.

According to Reuters, rumours of a bid for JLT have been circulating in the market, with Benfield mentioned as a potential buyer.

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