Summary
ACTUAL and rumoured takeover situations helped European oils give another slick performance.
As French firm Compagnie de Geophysique agreed to buy US rival Veritas in a Pounds 2.4bn cash and shares deal which will make it the world's biggest provider of oilfield services, punters busily traded in all of the old UK bid favourites.See the full content of this document
Extract
Takeover Fuels Euro Oil Prices
Speculation about an imminent Pounds 12bn-plus cash offer for Centrica intensified. Shares of the parent company of British Gas touched 3123/4p before closing 53/4p higher at 3081/4p on hefty turnover of almost 40m, ...
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