Financial Times FT.com

Heritage bounces on Genel Enerji rumours

By Bryce Elder and Neil Hume

Published: July 14 2009 08:48 | Last updated: July 14 2009 22:22

Oil stocks provided the foundation on Tuesday for the London market to rally for a second day.

Heritage Oil was among the beneficiaries, with the Iraqi explorer bouncing from a two-month low. Since revealing plans to buy Genel Enerji, its Turkish peer, Heritage had dropped 27 per cent.

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