Summary
STAKEBUILDING speculation helped BG Group build up a head of steam. The world leader in natural gas, which was split from Centrica in 1997, touched Pounds 9 before closing 13p better at a year's high of 896p as the same buyer who cleaned up several large lines of stock earlier in the week, loaded up with a lot more yesterday.
The People's Bank of China surprised everyone in August when it bought 15.5m shares, or 0.46pc.See the full content of this document
Extract
Bg Steams Ahead Amid Stake Buzz ; Market Report
Broker Cazenove said at the time it was a 'significant development' and raised its target price to 870p. It will have to raise it again shortly.
Trying to identify the buyer proved dif...See the full content of this document
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