Sli Adds to Scottishpower Holding Investment Arm of Life Insurer Confident of Bid for Scots Utility

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STANDARD Life ploughed nearly GBP3m more into ScottishPower on Monday - appearing to signal confidence that German giant E.ON would bid significantly more than 600p a share for the Glasgow- headquartered utility by buying stock at 586p.

It was the biggest single day's purchase of ScottishPower by the investment arm of the life and pensions giant for nearly a month. The shares were bought as the electricity and gas company's stock was spiking higher on reports that it had already begun talks with E.ON about being taken over by the German group.

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Sli Adds to Scottishpower Holding Investment Arm of Life Insurer Confident of Bid for Scots Utility

Standard Life Investments was less active in building its stake in ScottishPower when the Glasgow utility's shares were weaker during the second half of last mont...

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