Scottishpower Takeover Rumour Fails to Energise a Flat Footsie

Summary


LEADING shares closed almost flat yesterday despite a 9 per cent surge for ScottishPower.

Energy companies led the index as ScottishPower, Britain's fifth- biggest energy supplier, soared 58.5p to 730p as it confirmed an approach from an unnamed suitor. It had leapt as much as 18 per cent in the day.

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Extract


Scottishpower Takeover Rumour Fails to Energise a Flat Footsie

One trader said: "Perennial takeover talk could actually amount to something around ScottishPower and that is giving the whole pack a boost."

One time suitor, Scottish & Southern Energy was...

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