SUZY in the CITY: Market Movers.Byline: SUZY JAGGER jag 1n. 1. A sharp projection; a barb. 2. a. A hanging flap along the edge of a garment. b. A slash or slit in a garment exposing material of a different color. tr.v. LONDON'S stock market soared to its highest level since September's terrorist attacks yesterday, jumping 47 points to 5338. Rumours that the Hong Kong-based Standard Chartered bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 will fall to a takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares lifted the shares 64p to 864p and helped the rest of the banking sector, with Barclays up 35p to pounds 22.48. Lloyds TSB jumped 16.5p to 742.5p despite unveiling a massive pounds 621million drop in returns from its investments during the first nine months of the year. Shareholders were cheered when chief executive Peter Ellwood said that trading overall was in line with expectations. Wild speculation that oil giant BP is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a merger partner helped its shares, which rose as high as 521.5p before closing up 6p to 509p. United News & Media, the group headed by Lord Hollick which used to own the Daily and Sunday Express, rose 14p to 554p despite being kicked out of the FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 100 to make way for mmO2, the newly-listed telecoms group. When a company falls out of the FTSE 100 because it is too small, its shares usually fall further as big pension fund managers who only hold blue chip shares dump the stock. |
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