Financial Times FT.com

Harbinger bid hopes fade

By Bryce Elder and Neil Hume

Published: March 10 2010 08:41 | Last updated: March 10 2010 19:45

A revival of takeover speculation helped the FTSE 100 hit an 18-month high, but Inmarsat was left behind.

Having started the week at a record high, shares in the satellite operator lost 1 per cent to 760½p as analysts played down the prospect of a bid from Harbinger, its biggest shareholder.

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