Business Services Industry
Rumors of Barclays Bank bid persist in London.
Knight Ridder/Tribune Business News, October, 2004
By Geoff Foster, Daily Mail, London Knight Ridder/Tribune Business News
Oct. 7--In a bullish note to clients of Brewin Dolphin, chief strategist Mike Lenhoff says: "Imagine what a bid for Barclays Bank would do for the market." The simple answer is that it would send the Footsie, which is heavily weighted towards the bank sector, marching towards the magic year-end level of 5,000.
Rumours of an imminent Footsie mega bid remain rife. Corporate financiers at a leading broking house are said to be burning the midnight oil working on a multi-billion pound deal in the financial sector.
Although giant hedge fund Man Group jumped a further 75p to 1371p on continuing talk of a possible bid from Merrill Lynch, the powers that be believe the...
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