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The Guardian: After chemical ferment, it’s gas inflation

Nick Fletcher
Wednesday October 17, 2007

Traders were playing spot the FTSE 100 bid target again yesterday, and the name in the frame this time was gas and oil group BG.

The company, once part of the British Gas monolith, has been tipped as a target for some time, with Royal Dutch Shell, Russian group Gazprom or even a mining group such as Rio Tinto mentioned.

This month Shell was reported to be planning a carve up of BG in partnership with Brazilian group Petrobas. Yesterday the speculation was of a £12-a-share bid, perhaps from the Russians, which helped push the company’s shares 19p higher to 914p.

For the complete Market Report of The Guardian for 17 October 2007 go to…

http://business.guardian.co.uk/marketforces/story/0,,2192780,00.html

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