Northern Rock hopes drive FTSE up

Beleaguered Northern Rock led the London market higher today amid fresh hopes of a bid for the company.

Northern Rock hopes drive FTSE up
Wed, 26 Sep, 2007 - 13:12

Beleaguered Northern Rock led the London market higher today amid fresh hopes of a bid for the company.

Northern gained more than 8% today as investors acted on the company’s hints of a possible offer, sending the shares 12.9p higher at 176p.

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CourtsBusinessHeathrowPlace: LondonPerson: Keith Butler-WheelhousePerson: Taylor WimpeyPerson: Tony HaywardOrganisation: Northern RockOrganisation: FTSEOrganisation: Beleaguered Northern RockOrganisation: NorthernOrganisation: Alliance & LeicesterOrganisation: Halifax Bank of ScotlandOrganisation: Goldman SachsOrganisation: Lloyds TSBOrganisation: BarclaysOrganisation: Smiths GroupOrganisation: Barratt DevelopmentsOrganisation: BarrattOrganisation: PersimmonOrganisation: CurrysOrganisation: DSG InternationalOrganisation: Credit SuisseOrganisation: Kesa ElectricalsOrganisation: CometOrganisation: KesaOrganisation: BP
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