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Article: Evening Standard, London, Market Report Column.(Knight Ridder/Tribune Business News July 16).

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Knight Ridder/Tribune Business News
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July 16, 1999
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Knight Ridder/Tribune Business News

Jul. 16 -- TELEWEST IS HIT BY FRENCH CWC MOVE: The prospect of an auction for Cable & Wireless Communications sent shares in Telewest, which has been in takeover talks with CWC since April, plunging as France Telecom announced $1 billion (UKpound 637 million) of support for rival bidder NTL.

Telewest, still working out the details of its offer, was punished by a fall of 161/4 pence to 303 pence as investors reassessed its chances. C&W was up 5 pence at 725 pence.

THE INDEX OF LEADING SHARES opened cautiously as dealers paused for breath after yesterday's 100-point rally. At one point it fell more than 30 ...

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