Hope for utilities consolidation drives FTSE up

Hopes of consolidation among water utilities drove the London market forwards today after Anglian Water owner AWG said it had received an approach from a potential bidder.

Hope for utilities consolidation drives FTSE up
Thu, 14 Sep, 2006 - 12:29

Hopes of consolidation among water utilities drove the London market forwards today after Anglian Water owner AWG said it had received an approach from a potential bidder.

Shares in FTSE 250 stock AWG leapt 11% on the news while blue-chip rivals Kelda Group, Severn Trent and United Utilities were also in demand.

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CourtsBusinessHeathrowPlace: LondonPlace: Severn TrentPlace: UKOrganisation: FTSEOrganisation: Anglian WaterOrganisation: AWGOrganisation: Kelda GroupOrganisation: Severn TrentOrganisation: United UtilitiesOrganisation: B&QOrganisation: KingfisherOrganisation: KeldaOrganisation: Rio TintoOrganisation: XstrataOrganisation: BHP BillitonOrganisation: ArgosOrganisation: GUSOrganisation: Old MutualOrganisation: CityOrganisation: SkandiaOrganisation: Premier FoodsOrganisation: United Biscuits
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