A subdued day's trade ahead of the Easter holiday saw sparse trading but the FTSE 100 was moderately...
A subdued day's trade ahead of the Easter holiday saw sparse trading but the FTSE 100 was moderately higher on the back old economy strength. Although technology stocks suffered, several heavyweight telecom stocks enjoyed gains. The FTSE 100 was 51.4 points higher early afternoon to 5652.9. Old economy stocks were cheered by news that German utility business Eon has launched a 765p-a-share friendly takeover of Powergen, its smaller UK rival. Powergen shares improved only modestly with some city onlookers disappointed by the offer price. Powergen added 13p to 719p. An optimist...
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