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The Guardian - UK
The Guardian - UK
Business
Elena Moya

Autonomy shares rise on bid speculation

British software maker Autonomy was one of the few risers amongst FTSE 100 companies today on speculation that the company could be the target of a takeover bid.

While the market remained almost flat while expecting more economic data out of the US, Autonomy shares soared 66p, or 4%, to £16.96.

Traders cited US software giants such as Microsoft and Oracle as possible bidders. Company officials were not immediately available for comment.

Autonomy posted record six month revenues of $415.3m in July, up 28% from the first half last year. Pre-tax profit also rose 24% to a record $182.7m, the company said in a statement on July 22.

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