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Financial Times: Amvescap advances on bid rumours

By Robert Orr
Published: December 30 2006 02:00 | Last updated: December 30 2006 02:00

The year’s worst performer was Carnival, the cruise-ship operator, while other notable underperformers included oil giant BP and GlaxoSmithKline, the pharmaceuticals company.

With the price of crude falling below $60 a barrel for the first time in a month,oil stocks were lower. Royal Dutch Shell eased 0.7 per cent to £17.90, further unsettled by news that it would have to share the burden of cost overruns at the Sakhalin-2 development in Russia with its two Japanese partners. The news is the latest blow to Shell in Russia, where it has been forced to cede control of Sakhalin-2 to local group Gazprom.

The above are extracts…

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