September 6, 2010 / 3:35 PM / 8 years ago

STOCKS NEWS EUROPE-McBride gains, bid talk cited

Shares in McBride (MCB.L) gain 7 percent, the top gainer among UK midcaps .FTMC, with a hedge fund source reporting talk of takeover activity in the food sector.

“There’s been some talk of bid interest in the sector,” a hedge fund contact says.

McBride, which touches its highest since June saw turnover of 1.1 million shares, around twice the average over the last 30 trading days.

McBride, Europe’s biggest maker of retailer own-brand household and personal care goods, declines to comment.

Reuters Messaging rm://simon.falush@reuters.com@reuters.net

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