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Centrica's Shares Up On News about Bid form Gazprom

Shares of UK energy firm Centrica rise 1.9 percent in early trade on Wednesday

Centrica's Shares Up On News about Bid form Gazprom

Shares of UK energy firm Centrica rise 1.9 percent in early trade on Wednesday after a report that Britain has ruled out blocking any takeover bid by Russian gas giant Gazprom.

By 7:57 a.m. the shares were at 309 pence each, up from Tuesday's 302-1/4p, despite trading without the right to its latest dividend payout of 7.4p.

In February the UK government said a Gazprom bid would face "robust scrutiny" after officials at the Russian firm were quoted as saying it was mulling an approach for the firm.



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