* FTSE 100 gains 0.9 pct * AstraZeneca (NYSE: AZN – news) surges on report of Pfizer (NYSE: PFE – news) approach * GlaxoSmithKline (Other OTC: GLAXF – news) jumps on asset swap with Novartis (Updates with closing prices, adds technical detail) By Alistair Smout LONDON, April 22 (Reuters) – Corporate activity in the pharmaceutical Read More
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London (AFP) – Huge deal-making in the pharmaceutical sector pushed up London stocks on Tuesday, even though tension over the crisis in Ukraine lurked in the background, traders said. Shares in pharmaceutical groups surged owing to a major reshaping of the sector, driven by Novartis of Switzerland and GlaxoSmithKline in London. London’s benchmark FTSE 100 Read More
* FTSE 100 up 1 pct * AstraZeneca (NYSE: AZN – news) surges on reported Pfizer (NYSE: PFE – news) bid interest * GlaxoSmithKline (Other OTC: GLAXF – news) jumps on asset swap with Novartis (Adds detail, quote, updates prices) By Alistair Smout LONDON, April 22 (Reuters) – Merger and acquisition activity in the pharmaceutical Read More
By This Is Money Reporters Published: 02:55 EST, 22 April 2014 | Updated: 02:57 EST, 22 April 2014 Bid talk: US rival Pfizer is rumoured to have approached AstraZeneca with a £60billion takeover offer The FTSE 100 has opened 34.2 points higher at 6,659.43, with AstraZeneca the top riser amid bid rumours. Shares in the Read More
Cast your mind back to the end of the last millennium and the dotcom boom. Companies were floating on the stock market left, right and centre, often with very little in the way of sales, let alone profits. It was “a new paradigm”, according to Lastminute.com’s Martha Lane Fox. But Lastminute’s flotation in March 2000 Read More
“A rebound was to be expected. A lot of the panic selling, a lot of the stale longs in gold and, by extension, gold miners, had already gone and so a lot of the easy selling was done.” Mixed US economic data, hedge funds speculating in the futures market that the Ukrainian crisis will spur Read More
“A rebound was to be expected. A lot of the panic selling, a lot of the stale longs in gold and, by extension, gold miners, had already gone and so a lot of the easy selling was done.” Mixed US economic data, hedge funds speculating in the futures market that the Ukrainian crisis will spur Read More
U.K. stocks advanced, with the benchmark FTSE 100 (UKX) Index extending a weekly gain, as Barclays (BARC) Plc and Lloyds Banking Group Plc rose, and data showed U.S. jobless claims increased less than forecast. Barclays added 3.8 percent after saying it will update shareholders on its investment bank and plans to control costs next month. Read More
By This Is Money Reporters Published: 02:43 EST, 17 April 2014 | Updated: 11:06 EST, 17 April 2014 17.00 (close): Reassuring figures from two of Wall Street’s biggest banks helped London investors overcome worries about slowing Chinese consumer demand. Guinness and Smirnoff drink giant Diageo fuelled jitters earlier in the session by reporting a 19 Read More
* FTSE 100 up 0.6 pct * Upbeat Morgan Stanley, Goldman results lift UK financials * RSA buoyed by sale of Baltics, Poland operations * Diageo (LSE: DGE.L – news) falls after posting lower sales * London stock market closed on Friday and Monday By Tricia Wright LONDON, April 17 (Reuters) – Britain’s top shares Read More