January 26, 2009 / 3:13 PM / 10 years ago

BP jumps; traders cite talk of bid for Chesapeake

LONDON, Jan 26 (Reuters) - Shares in British energy group BP (BP.L) rose more than 3 percent on Monday as traders cited market talk that the company was planning a bid for U.S.-listed group Chesapeake Energy (CHK.N).

“We never comment on market rumours,” said a BP spokesman, pointing out that Chesapeake was already BP’s partner.

At 1506 GMT, BP shares were up 3.4 percent at 504 pence, while Chesapeake was 5.5 percent higher at $15.71.

(Additional reporting by Victoria Bryan)

Reporting by Sitaraman Shankar and Atul Prakash

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