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FTSE 100 movers: Merger activity dominates
Wed, 08 Feb, 2012
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FTSE 100 movers: Merger activity dominates
Thu, 2 Sep 2010, 15:11:00
Bid talk has pushed Footsie higher.
TUI Travel
continues to rise following speculation that minority shareholders may be bought out. Bid speculation is also driving up the share price of software company
Autonomy
with acquisition-hungry US software giants Microsoft and Oracle in the frame as likely bidders at a price north of 2500p per share. A new contract boosted
BAE Systems
. Chip maker
ARM
is lower after Panmure Gordon repeated its sell recommendation and cut its price target to 265p. Shares in
Tullow Oil
fell after it announced that it is buying half-shares in five licences in the East African rift basins of Kenya and Ethiopia. Africa Oil Corp has sold Tullow 50% stakes in blocks 10BB, 10A, 12A and 13T in Kenya and the South Omo block in Ethiopia, an area covering 97,000 square kilometres. Citigroup downgraded
Lonmin
from buy to hold.
FTSE 100 - Risers
Man Group (EMG) 229.60p +6.05% Autonomy Corporation (AU.) 1,706.00p +4.60% Whitbread (WTB) 1,514.00p +3.63% BAE Systems (BA.) 312.60p +3.51% Carnival (CCL) 2,272.00p +3.46% TUI Travel (TT.) 221.90p +2.54% Old Mutual (OML) 134.50p +2.13% International Power (IPR) 386.30p +2.06% Vedanta Resources (VED) 2,009.00p +1.98% Wolseley (WOS) 1,362.00p +1.95%
FTSE 100 - Fallers
Tullow Oil (TLW) 1,186.00p -3.89% ARM Holdings (ARM) 360.20p -3.72% Cairn Energy (CNE) 454.90p -3.68% Cable & Wireless Worldwide (CW.) 70.00p -2.71% Inmarsat (ISAT) 683.50p -2.43% Centrica (CNA) 324.70p -2.02% Fresnillo (FRES) 1,100.00p -1.70% 3i Group (III) 266.20p -1.41% Essar Energy (ESSR) 414.10p -1.40% Lonmin (LMI) 1,586.00p -1.31%
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