Market Reports: Centrica Slides but Ftse Moves Ahead

Summary


UK SHARES sealed a small weekly gain last night, but Scottish- Gas owner Centrica ended a hectic session as the biggest loser on the FTSE 100 index.

The gas and electricity giant enjoyed a 4 per cent surge in the early hours of the day, as rumours spread that Russian gas monopoly Gazprom was considering a bid.

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Market Reports: Centrica Slides but Ftse Moves Ahead

The shares dropped by 10am following a strongly worded denial from the state-owned giant, and things began to get worse for Cent...

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