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Feb. 21, 2022, 7:42 a.m. EST

Banks and pharmaceutical companies lead in London, while Synairgen, Morses shares tumble

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By Barbara Kollmeyer

The week kicked off with losses for London on Monday, as an increasingly downbeat geopolitical mood driving the U.K. index lower.

The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX -0.03% dipped 0.2% to 7,407, which was better than bigger drops seen on the continent, where the Stoxx 600 /zigman2/quotes/210599654/delayed XX:SXXP -0.15% was off 0.7%. U.S. stock futures also fell — Wall Street is closed for the Presidents Day holiday — after reports that Russia had not yet committed to a summit between Presidents Vladimir Putin and Joe Biden.

French President Emmanuel Macron has been trying to broker face to face talks for Thursday, which the U.S. agreed to, and those reports drove up U.S. futures and global equities earlier Monday. But optimism faded by Monday afternoon in Europe after a Kremlin spokesman said nothing had been decided .

Banking stocks were rising, led by a 0.8% gain for Natwest /zigman2/quotes/203233010/composite NWG +2.05% /zigman2/quotes/209265718/delayed UK:NWG +1.75% , which reported strong results on Friday, though rising costs. Shares of HSBC /zigman2/quotes/208272822/composite HSBC +0.10% /zigman2/quotes/203901799/delayed UK:HSBA +0.12% were up slightly ahead of Tuesday’s fourth-quarter results.

AstraZeneca /zigman2/quotes/200304487/composite AZN +0.19% /zigman2/quotes/203048482/delayed UK:AZN -0.20% was the best performer on the index, up 2% after the pharmaceutical giant reported positive Phase 3 trial results for its breast-cancer treatment Enhertu, which showed meaningful survival improvement in patients compared with chemotherapy.

B&M European Value Retail /zigman2/quotes/208742159/delayed UK:BME +0.63% and Reckitt Benckiser /zigman2/quotes/206856088/delayed UK:RKT 0.00% were up over 1% each.

The downside was led by major oil companies, as energy prices /zigman2/quotes/209723049/delayed CL00 +0.45% bounced around on Ukraine headlines, with BP /zigman2/quotes/202286639/delayed UK:BP -1.75% /zigman2/quotes/207305210/composite BP -1.01% and Shell /zigman2/quotes/206428183/delayed UK:SHEL -0.69% /zigman2/quotes/205095589/composite SHEL -0.57% off by around 1% each. Shares of Russian metals firms Evraz /zigman2/quotes/202291633/delayed UK:EVR -12.59% and Polymetal /zigman2/quotes/204469675/delayed UK:POLY -0.42% fell 4% and 6%, respectively.

The biggest drop was reserved for Synairgen /zigman2/quotes/203511112/delayed UK:SNG -6.22% , which slumped 80% after the U.K. drug-discovery company said a Phase 3 trial of its inhaled treatment for COVID-19 failed to meet its primary or key secondary efficacy endpoints.

And Morses Club /zigman2/quotes/202903241/delayed UK:MCL -8.98% stock tumbled 63% after the U.K. subprime lender issued a profit warning due to increased claims activity. It also said Chief Executive Officer Paul Smith has stepped down with immediate effect, and will be replaced by Chief Operating Officer Gary Marshall.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,556.23
-2.26 -0.03%
Volume: 517,815
Dec. 2, 2022 4:58p
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/zigman2/quotes/210599654/delayed
XX : STOXX
443.29
-0.67 -0.15%
Volume: 0.00
Dec. 2, 2022 11:03p
loading...
/zigman2/quotes/203233010/composite
US : U.S.: NYSE
$ 6.48
+0.13 +2.05%
Volume: 1.37M
Dec. 2, 2022 4:00p
P/E Ratio
10.16
Dividend Yield
4.49%
Market Cap
$30.87 billion
Rev. per Employee
$329,132
loading...
/zigman2/quotes/209265718/delayed
UK : U.K.: London
£ 261.90
+4.50 +1.75%
Volume: 19.88M
Dec. 2, 2022 4:35p
P/E Ratio
10.62
Dividend Yield
0.05%
Market Cap
£25.27 billion
Rev. per Employee
£258,720
loading...
/zigman2/quotes/208272822/composite
US : U.S.: NYSE
$ 30.58
+0.03 +0.10%
Volume: 2.01M
Dec. 2, 2022 4:00p
P/E Ratio
10.25
Dividend Yield
4.38%
Market Cap
$121.60 billion
Rev. per Employee
$312,823
loading...
/zigman2/quotes/203901799/delayed
UK : U.K.: London
498.50 p
+0.60 +0.12%
Volume: 19.09M
Dec. 2, 2022 4:35p
P/E Ratio
10.63
Dividend Yield
4.43%
Market Cap
£99.54 billion
Rev. per Employee
£246,020
loading...
/zigman2/quotes/200304487/composite
US : U.S.: Nasdaq
$ 68.47
+0.13 +0.19%
Volume: 3.56M
Dec. 2, 2022 4:00p
P/E Ratio
104.89
Dividend Yield
2.07%
Market Cap
$211.59 billion
Rev. per Employee
$544,657
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/zigman2/quotes/203048482/delayed
UK : U.K.: London
11,178.00 p
-22.00 -0.20%
Volume: 1.14M
Dec. 2, 2022 4:35p
P/E Ratio
101.91
Dividend Yield
1.98%
Market Cap
£173.21 billion
Rev. per Employee
£426,154
loading...
/zigman2/quotes/208742159/delayed
UK : U.K.: London
417.70 p
+2.60 +0.63%
Volume: 3.39M
Dec. 2, 2022 4:35p
P/E Ratio
10.78
Dividend Yield
3.95%
Market Cap
£4.18 billion
Rev. per Employee
£123,078
loading...
/zigman2/quotes/206856088/delayed
UK : U.K.: London
6,038.00 p
0.00 0.00%
Volume: 808,334
Dec. 2, 2022 4:35p
P/E Ratio
14.21
Dividend Yield
2.89%
Market Cap
£43.22 billion
Rev. per Employee
£258,570
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 80.34
+0.36 +0.45%
Volume: 260,529
Dec. 2, 2022 4:59p
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
480.90 p
-8.55 -1.75%
Volume: 37.83M
Dec. 2, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
4.09%
Market Cap
£86.93 billion
Rev. per Employee
£2.66M
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 35.36
-0.36 -1.01%
Volume: 7.60M
Dec. 2, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
3.83%
Market Cap
$106.19 billion
Rev. per Employee
$3.38M
loading...
/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 2,365.50
-16.50 -0.69%
Volume: 8.30M
Dec. 2, 2022 4:35p
P/E Ratio
5.27
Dividend Yield
0.03%
Market Cap
£166.55 billion
Rev. per Employee
£3.46M
loading...
/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 57.72
-0.33 -0.57%
Volume: 3.51M
Dec. 2, 2022 4:00p
P/E Ratio
5.04
Dividend Yield
3.43%
Market Cap
$203.46 billion
Rev. per Employee
$4.39M
loading...
/zigman2/quotes/202291633/delayed
UK : U.K.: London
80.89 p
-11.65 -12.59%
Volume: 0.00
March 10, 2022 11:00a
P/E Ratio
0.89
Dividend Yield
0.00%
Market Cap
£1.18 billion
Rev. per Employee
£162,168
loading...
/zigman2/quotes/204469675/delayed
UK : U.K.: London
239.00 p
-1.00 -0.42%
Volume: 220,114
Dec. 2, 2022 4:35p
P/E Ratio
10.85
Dividend Yield
15.41%
Market Cap
£1.13 billion
Rev. per Employee
£139,657
loading...
/zigman2/quotes/203511112/delayed
UK : U.K.: London
18.85 p
-1.25 -6.22%
Volume: 200,080
Dec. 2, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£40.48 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/202903241/delayed
UK : U.K.: London
2.69 p
-0.27 -8.98%
Volume: 16,985
Dec. 2, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£3.60 million
Rev. per Employee
N/A
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