London up on P&O speculation

A bid battle for ports and ferries firm P&O and broker upgrades for a string of top-flight stocks enabled the London market to bed in above the 5700 threshold today.

London up on P&O speculation
Thu, 26 Jan, 2006 - 11:38

A bid battle for ports and ferries firm P&O and broker upgrades for a string of top-flight stocks enabled the London market to bed in above the 5700 threshold today.

Excitement was triggered by a £3.55bn (€5.2bn) offer for P&O from Singaporean rival PSA International, which trumped an earlier bid by Dubai Ports World.

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CourtsBusinessHeathrowPlace: LondonPlace: DubaiPlace: Northern RockPerson: Merrill LynchEvent: ChristmasOrganisation: P&OOrganisation: PSA InternationalOrganisation: Dubai Ports WorldOrganisation: Northern RockOrganisation: British AirwaysOrganisation: PSAOrganisation: AntofagastaOrganisation: Goldman SachsOrganisation: N BrownOrganisation: MisysOrganisation: MFI
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