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A merger with rival is also reportedly on the cards as a defensive measure if a hostile bid does ... Sector movers: Electricity
A Numis upgrade to ‘add' from ‘hold' for had Insurance moving higher, while the broker also upped its target price on the group to 120p from 95p.
Miner weighed on the sector on talk in the weekend press suggesting the Swiss-based group may launch a rival £5.7bn bid for nickel concern Falconbridge.
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