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Lower down the market, takeover talk pushed oil and gas explorer Bowleven 10p higher to 144p.
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Reprints Related items Shareholder activism: Europe’s revolting shareholdersMay 10th 2001 Europe's capital markets: Takeover troublesMay 10th 2001Many funds already keep a close watch on how firms deal with a variety of controversies, from genetically modified foods to third-world labour standards.
But Europe's antitrust officials have been a lot more sceptical than their counterparts in America.Related items Europe's capital markets: Takeover troublesMay 10th 2001 The music industry: Gone againMay 3rd 2001 Not cleared for take-offMar 1st 2001 The great merger wave breaksJan 25th 2001Big firm, big enginesThe commission's concerns cannot be dealt with easily.
Russia is expected to out-consume even famously beer-loving Germany, becoming the world's third-largest consumer market, towards the end of this decade.There is some evidence that the strategy of emerging-market takeovers is working.
This makes such banks, which control about 40% of the retail market, nearly takeover proof.
Mr. Lyle's latest project, Streetopia, is a legal and more ambitious version of the 949 Market Street takeover.
The news was only technically a "possible" offer, rather than a full-on bid, and means that the official deadline set by the stock market's Takeover Panel, which ended at 5pm yesterday, has now been extended by three weeks.
With the exception of Sir Alex Ferguson, who has been left in peace by the Glazers, though not lavishly indulged in the transfer market, a takeover invariably means a change of manager.
"Popular interest in the stock market, hostile takeover bids, greenmail, these are all normal in other markets, so why not in Paris?" asked a partner at Lazard Freres, the investment bank.
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