The FTSE 100 index closed the day up 36 points or almost 0.6% to 6,192.5 on Wednesday after reports suggested British Energy was the government's preferred bidder for British Nuclear.
Earlier in the day, stocks were trading on a sugar rush as Tate & Lyle saw the best of the gains, but British Energy closed the day up after acknowledging reports suggesting it could get the chance to buy British Nuclear Fuel Limited. T&L closed the day with the best gains, rising 3.88% to 817.5p but British Energy made a major climb, adding 3.56% to 500p, closely followed by utilities giants National Grid and International Power, earning 3.5% each to 741p and 388.25p respectively. In contrast, however, Rolls-Royce saw the worst losses of the day, closing down 2.4% to 432.25p while energy...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
