Speculation of BP takeover after Abu Dhabi ponders bid

SHARES in BP jumped yesterday after it became takeover speculation the target of The boost came following reports the Abu Dhabi National Oil Company recently considered a bid.

- Graham Hiscott

According to Reuters, the state-company owned oil ultimately decided BP would not be the "right fit". Politics were also likely to be a factor.

However, it raised the prospect that BP a crown jewel in the 100 could yet be snapped up.

The £88billion company has lagged behind competitors for years, which investors and analysts say has made the British firm a potential takeover target.