Renewable Power & Light

RPL, the owner of two biofuel power stations in America, rose 5¾p to 16¾p after it said it had received a bid approach. The offer may have been triggered by the settlement ten days ago of a costly year-long legal battle with its sacked former chief executive David Lewis and fellow director Dominic Colvin. RPL was suing the pair for breach of contract and negligence after its palm oil supplier stopped delivery in July 2007.
RPL has been unable to find alternative supply and has been loss-making ever since.