Thread: British Airways
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Old 5th Oct 2006, 11:46
  #120 (permalink)  

Something Gorgeous in the City
Join Date: Oct 2000
Location: Edinburgh, UK
Posts: 93
Sorry, sid - bid speculation or "bid spec" is when the stockmarket believes a company will be bid for, and sends the share price up. Under the stockmarket rules, if there is a significant move of this nature, the company is generally then required to make an announcement either saying they are in talks, or saying they no of no reason for the move.

Doesn't always happen, though - Hanson shares have shot up in the last couple of weeks, but the company has said nowt.

Memo to self, stop using jargon when attempting to communicate!
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