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ITN News: Oil giants BP and Royal Dutch Shell rose on back of merger and acquisition rumour, with talk of possible tie-up between the two continuing…

Headline: FTSE closed down at 6636.8

17.24 Mon May 21 2007

The FTSE 100 Index has closed 4.1 points down at 6636.8.

Gas producer BG Group benefited from takeover speculation with ExxonMobil said to be interested in the firm. Shares were up 11.5p to 791.5p.

Oil giants BP and Royal Dutch Shell also rose on the back of merger and acquisition rumour, with talk of a possible tie-up between the two continuing to buoy their share prices. Shell was up 27p at 1903p and BP rose 8p to 590p.

For full Market Report article go to…

http://itn.co.uk/news/e1f4d72c676c6602ef78cfb11b94c997.html

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