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Europe

Bid Talk Lifts C&W

9:40 AM -- Cable and Wireless plc (NYSE: CWP) saw its share price rise by 4.6 pence, more than 2.5 percent, to 185.4 pence Thursday morning as rumors hit London trading desks of a possible takeover bid from Orange (NYSE: FTE), according to a report from Reuters.

C&W announced half-year results earlier this week that were better than expected. (See C&W Raises Outlook, Dumps Exec.)

This isn't the first time the two carriers have been linked by takeover speculation: FT was rumored to be interested in C&W in January 2006. (See Eurobites: Gossip Galore.)

— Ray Le Maistre, International Gossip Editor, Light Reading

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