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C& W Rings up Gains
Cable & Wireless topped the blue-chip gainers
list, up three percent as a positive broker note sparked talk the
telecoms operator might launch a share buyback.
"In the absence of material acquisitions, we
believe the potential for C&W to launch a large share buyback within
the next 12 months is very high," Investec analysts wrote in a
research note. C&W declined to comment on the speculation.
It was a similar story at William Hill <WMH.L>.
Shares in Britain’s second-biggest betting shop chain hit an all-time
high as dealers said it appeared set to maintain good growth and
returns could be further boosted by share buybacks.
The stock was up 1.5 percent and at one point
touched 554-1/2p, well above its flotation price of 225p in June 2002.
Dealers said talk that an institution was trying to sell a line of
stock had a muted impact against an upbeat backdrop.
entire article at:
2004 Online Casino News Archive