Vodafone's confirmation that it expects to receive 130 billion US dollars (£84 billion) for its Verizon Wireless stake triggered another jump in its shares today.
The bigger-than-expected deal price will ensure a big boost for UK pension funds and shareholders, with the mobile phone company expected to use the proceeds for a special dividend of up to £40 billion.
Vodafone shares have climbed to their highest level since 2002 and rose a further 3% or 7.1p to 213.4p today.
The latest improvement for London's second largest stock was the major factor in the FTSE 100 Index climbing 82.3 points to 6495.3, although markets were also helped by figures showing better fortunes for Chinese manufacturers.
Fears of a US military strike against Syria continue to overhang markets but oil prices have fallen slightly after UK politicians voted against intervention.
On a shortened fallers board, BP dropped 0.8p to 445.3p and Royal Dutch Shell slipped 12p to 2161p. Outsourcing firms G4S and Serco were also under pressure, with shares down 0.85p at 259.1p and 1p at 546.5p respectively.
Alongside Vodafone, mining stocks dominated the risers board as Anglo American cheered 57.75p to 1535.75p and Rio Tinto lifted 105.25p to 3018.25p on hopes that China's economy is on the mend.