UK: Iceland gets warmer as bid rumours boost share price
UK food retailer Iceland may be in line for a possible takeover bid after a rise in its shares price prompted rumours that a buyer is stalking the company. Shares jumped 18p to 161p yesterday, but the price in recent months has fallen from its 346p December high to a low of 141p this week following two profit warnings and the forced resignation of its founder and chairman Malcolm Walker amid a highly embarrassing £13m share sale scandal.
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