Summary
The London market slipped into the red yesterday despite a 9 per cent surge in Scottish Power shares after the energy supplier gave details of an approach from an unnamed suitor.
Rumours of a bid circulated the City throughout early trading and interest in the shares intensified when the firm confirmed it was a takeover target.See the full content of this document
Extract
Bid Rumours Don't Power a Recovery ; Market Report
The excitement sent energy stocks sector higher, but it was not enough to stop the FTSE 100 Index falling 5 points lo...
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