BGY

The shares of the energy company were up around 7% to 520p at the end of last week, after some bullish broker comments and speculation that the government will greenlight new power plant projects when consultations end on 10 October . Broker Cazenove also said that British Energy’s prime locations could be a tempting bid prospect for rival developers such as Centrica (CNA), and put a 660p price target on the stock. There was some profit-taking early this week but the stock remains a Buy. CS