Market Report: O2 Takeover Bid On Line to Lift Footsie

Birmingham Post › November 01, 2005

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Summary

The biggest takeover of a UK company for five years and a rush of other bid activity yesterday drove the FTSE 100 Index beyond the 5300 barrier.

Mobile phone operator O2 brought smiles to the faces of traders after agreeing to be taken over for pounds 17.7 billion by Spanish firm Telefonica, sending its shares up more than 25 per cent.

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Extract

Market Report: O2 Takeover Bid On Line to Lift Footsie

And with bid approaches for the likes of Pilkington, P&O and Mowlem also exciting investors, the Footsie advanced 1...

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