BICC shares soar on Wassall stake
BICC shares soar on Wassall stake
SHARES IN BICC soared nearly 17 per cent yesterday to 66.5p after the acquisitive construction group Wassall revealed it had built up a 7 per cent stake in the cable and construction group. In an announcement to the Stock Exchange after the market closed on Thursday, Wassall said it had spent approximately pounds 28.9m building up a 7.35 per cent stake over the past 12 months. Wassall yesterday described the stake as an investment.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies