Some news! Britain's biggest coal miner, UK Coal, has rushed out a brief statement in response to weekend speculation of a bid from the Vienna-based investment firm, Meinl International Power.
"UK Coal confirms that whilst, as is normal, from time to time it receives preliminary expressions of interest from third parties to discuss a variety of potential transactions, no discussions are anticipated in relation to this initiative," the statement said.
Despite the lack of discussions, shares in the group are still leading the FTSE 250 risers with a jump of more than 13%, to 434.25p, having earlier hit 470p.
