Save, the old Frost group, seems to be bidding to become the market's favourite takeover stock. The story of a bid was going the rounds again yesterday with the shares firm at 101p. An oil major is the favourite to pounce.Reuse content
Thistle Hotels, where there is talk that a major shareholder, Brierley Investments, is decidedly unsettled by the weak share price, held at 153.5p. Charterhouse Tilney rates the shares, floated at 170p last year, a sell. Analysts Melanie Sharp and Andrew Burnett say although the hotel market is at its strongest since the late 1980s Thistle has a sizeable exposure to some of the least favourable segments. They see profits of pounds 78.5m this year and pounds 88m next. Brierley has 46 per cent of the capital.