好色先生TV

Speculation of a takeover has continued unabated for months. Yet we are still waiting for an announcement. It is difficult to believe that, at the moment, there is anything in it. If there was it is difficult to imagine that the takeover panel would not by now have forced an announcement.

The name most commonly linked with the approach, real or imagined, is FLUOR CORPORATION, the US group and Amec鈥檚 partner in Iraq. Rumours are rife in the City that Fluor has stated privately that it has no intention to make a bid for Amec. The official line from Flour鈥檚 Californian head office sheds no light on the matter: 鈥淲e cannot comment on speculation regarding potential acquisitions,鈥� was all a spokesperson would say.

The statement will do nothing to dispel the growing frustration among analysts that what has until now been empty speculation is driving up the share price.

Nor does it end the speculation itself. Yet analysts still think a takeover approach would be a surprise, not least because they consider rumours of a bid pitched at 435p a share too expensive. The 5% drop in Amec鈥檚 share price on Monday to 325.75p suggests a takeover bid might not be imminent.

One takeover bid that is out in the open is the 拢2.3bn one by Mexican company CEMEX for RMC. RMC鈥檚 shares rocketed 42% to 852.5p on the back of the news, making it the best performing company in the sector as a whole last week.

The City was surprised by the high level of the offer, pitched at 599.5p a share, and said that shareholders would be foolish to reject it. Takeover talk pushed construction and building materials shares up 4.6% to 2979. The sector outperformed shares as a whole, with the All-Share rising by just 1.8% to 2312.

The sector鈥檚 poorest performers were JOHNSTON (-22%) and Costain (-11%). In the support services sector, White Young Green benefited from a 20% profit leap for the year ended 30 June.

The results pushed its shares up almost 9% to 242p.