|
|
Article: United Kingdom : Miners lead blue chips higher amid bid talk.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: manish03
Rumours that BHP Billiton could be set to renew its interest in rival mining giant Rio Tinto circulated yesterday, giving a boost to the FTSE 100's leading mining stocks.
Investors in the sector enjoyed a buoyant day of trading on the back of the vague and unsourced speculation that appeared in the Australian press overnight, a year to the day after BHP's previous bid for Rio was scuppered by regulatory worries and concerns about Rio's burgeoning debt pile. Nonetheless, the whispers among traders were strong enough to push Rio Tinto up 120p to 2813p, with other mining groups piggybacking on the rumour. BHP, which had to write off $450m ...