By Quentin Webb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Felix Salmon:
The UK's FSA has conducted an investigation into the way that big M&A transactions can get leaked before they are formally announced. Its conclusion might shock you, so make sure you're sitting down for this:
Goldman Sachs analysts say M&A among Europe's utilities is likely to pick up this year, and name Britain's Shanks, Drax, International Power, the country's water companies (Severn Trent, Northumbrian Water, Pennon and United Utilities), and Edison of Italy as the most likely targets. (Shanks, of course, is already in the Carlyle Group's crosshairs.)