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|Bid move for Anglian Water firm
||Bid move for Anglian Water firm
(10 minutes later)
Anglian Water-owner AWG has said it has received an approach which may lead to a bid for the company.
AWG said that there was no certainty that an offer would be made, and further announcements would be made in due course.
Anglian Water serves about six million customers in the east of England and Hartlepool.
|AWG also owns support services group Morrison, which works in the water, gas, electricity and telecoms sectors.||AWG also owns support services group Morrison, which works in the water, gas, electricity and telecoms sectors.|
AWG has about 9,000 staff based in offices across the UK.
In May this year it said annual profits had tripled to Â£109m in the year to April 2006, helped by a combination of price rises and dry weather boosting demand.
News of the bid approach pushed shares in AWG up nearly 13% to 1,538 pence in early trade.