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this is pure speculation which is good for the market maybe leaked by ba board itself just to get its attention off pension and poor performance
below is from ft
BA speculation helps FTSE lift-off
By Donna Haddaway
Published: June 15 2006 08:57 | Last updated: June 15 2006 08:57
London equities rallied in early trade on Thursday, tracking US and Asian gains, as investors ignored higher US inflation data and bought back into the markets.
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The heavyweight mining and oil sectors led the recovery, while banks were also higher on continued bid speculation surrounding Lloyds TSB.
Shares in the bank firmed 2.3 per cent to 527p in early trade. Standard Chartered was also higher, up 1.3 per cent to £12.46.
The FTSE 100 was up 49 points, 0.9 per cent at 5,555.8 while the mid-cap FTSE 250 staged a recovery of its own. It traded up 135.9 points, 1.6 per cent at 8,918.1.
Overnight on Wall Street the S&P 500 was up 0.5 per cent, at 1,230.04. The Nasdaq Composite rose 0.7 per cent, to 2,086.00 and the Dow Jones Industrial Average was 1 per cent higher at 10,816.92.
Back in London, British Airways led the main index gainers on speculation that rival airline Emirates could be interested in making a bid for the UK company. Dealers said a possible bid could be at around 450p per share. BA shares rose 4.9 per cent to 354¾p.
As metal prices recovered, mining stocks were popular with investors looking for a bargain. BHP Billiton firmed 3.7 per cent to 949p and Antofagasta rose 3.6 per cent to £18.64.
Associated British Ports remained in focus after Admiral Acquisitions, the Goldman Sachs led consortium, raised its bid for the ports group to £2.58bn on fears over a rival counterbid.
Shares in AB Ports climbed 5.3 per cent to 868½p. Australia’s Macquarie Bank said on Wednesday that it was part of a consortium also considering making an offer for the group.
p.s. 450 a share whilst it is at 350 now i would not mind buying some,you never know
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