Ten UK equity funds getting biggest boost from Shell's giant BG offer

Shell's offer represents a 50% premium to BG's closing share price yesterday, but this disguises an dismal period for the liquid natural gas giant's shares in recent years. BG had already struggled with profit warnings prior to last summer's steep oil price fall, meaning as of the start of this week its shares stood 20% lower on a five-year view. The company makes up 1.5% of the FTSE All Share and 1.8% of the FTSE 100, but fewer than 10% of the 270 funds in the Investment Association UK All Companies sector numbered the stock in their top ten holdings as of end-February. Many more ...