BG AT A RECORD HIGH - MORE TO COME?

01 January 2005

BG, up 2.75p to 354p, was again rumoured to be a likely target for Shell or France's Total. This story did the rounds of dealing rooms in February and sent BG stock soaring.

Although the bid failed to materialise, shares in the oil group held on to their gains and went on to touch a high of 380p in October. Whether BG's valuation is now too rich for a predator only time will tell.