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Posts on ‘December 14th, 2010’

BP jumps on takeover talk

guardian.co.uk home

Tuesday 14 December 2010

BP was in the takeover spotlight as leading shares rose for the fourth trading day in a row to hit a new high for the year.

The company was the biggest riser in the leading index, up 14.75p to 473.10p on talk of possible bid interest from Royal Dutch Shell, whose B shares added 28.5p to 2081.5p. More than 61m BP shares changed hands, well above recent levels. Since the Gulf of Mexico disaster BP has been seen as vulnerable to a bid, with Exxon Mobil also mentioned as a possible predator. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP gains on Royal Dutch Shell bid talk

By David Brett

LONDON, Dec 14 (Reuters) – Gains in energy stocks offset falling miners, leaving Britain’s top share index almost level on Tuesday, with BP the top riser on vague market talk of bid interest from Royal Dutch Shell.

By 1156 GMT the FTSE 100 .FTSE was 1.15 points higher at 5,861.90 in light trade, after rising 0.8 percent on Monday to its highest close since Nov. 9.

BP rose 2.3 percent, with traders citing talk of potential bid interest from Royal Dutch Shell. Both companies chose not to comment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.