By Neil Hume and Robert Orr: Published: December 6 2006 02:00 | Last updated: December 6 2006 02:00
A firm oil price and upgrade to “buy” from ABN Amro saw Royal Dutch Shell gain 2 per cent to £18.25.
“We argue that the case for merging Royal Dutch Shell with BP or Total is compelling and overlooked. We believe Royal Dutch Shell shareholders could gain by £10 per share from such a combination,” the broker said a note to clients. Meanwhile, BP rose 1.8 per cent to 578p after UBS saidit was one of its top picksfor 2007.
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