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May 11, 2008
Looking to the fully listed large cap companies, Eurasian Natural Resources Corporation (LSE: ENRC) rose nine per cent to 1,307p as Kazakhmys (LSE: KAZ) rejected a £7 billion bid from the company. The bid valued Kazakhmys well below its current market capitalisation, and Kazakhkys shares responded with a rise of seven per cent to 1,786p. Yamana Gold (LSE: YAU) rose 14 per cent to 757p on the back of impressive first quarter results.
The London market saw two newcomers in the large...
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