Pounds 20bn Bidding Bonanza Gives Investors a Fillip

Summary

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BIDS worth almost Pounds 20 billion in Footsie 100 companies landed on City desks today, with the promise of more to come. With much of the proceeds from those deals expected to be ploughed back into the stock market, it has to be good news for investors.

Hanson climbed 50p to 1107p after Germany's HeidelbergCement made an agreed Pounds 9.5 billion offer for the building products group. Reuters rose 1812p to 624p after the news and financial information provider agreed an Pounds 8.7 billion bid from Canada's Thomson Corporation.

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Pounds 20bn Bidding Bonanza Gives Investors a Fillip

City speculators were keeping an eye on publisher Reed Elsevier, which could be the next target for a cash-rich private-equ...

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