Bulletin
Investor Alert

London Markets Open in:

London Markets Archives | Email alerts

Aug. 13, 2021, 9:12 a.m. EDT

London stocks set to close out week with gains, and Vectura may be at the end of a takeover battle

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    FTSE 100 Index (UKX)
  • X
    Crude Oil Continuous Contract (CL00)

or Cancel Already have a watchlist? Log In

By Barbara Kollmeyer

London’s leading U.K. stock market index rose on Friday, and was set for a weekly gain of nearly 1.4%.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.81% rose 0.4% to 7220.1, after snapping a four-session winning streak on Thursday. Gains were driven by healthcare and insurers while the oil and gas sectors weighed as energy prices /zigman2/quotes/209723049/delayed CL00 -0.46% remained under pressure on Friday. Shares of Royal Dutch Shell and BP /zigman2/quotes/207305210/composite BP +1.67% /zigman2/quotes/202286639/delayed UK:BP +1.11% fell 1% and 0.8%, respectively.

Gainers included insurer Prudential /zigman2/quotes/205760760/composite PUK +2.45% /zigman2/quotes/200530572/delayed UK:PRU +1.51% , which climbed 2.4%. Other gainers included aircraft engine maker Rolls-Royce Holdings /zigman2/quotes/203646520/delayed UK:RR +2.02% and Melrose Industries /zigman2/quotes/210306391/delayed UK:MRO +0.53% , up around 1% each.

Other fallers included generics drug company Hikma Pharmaceuticals /zigman2/quotes/204872832/delayed UK:HIK +1.17% and real estate website operator Rightmove /zigman2/quotes/201303150/delayed UK:RMV +0.33% , down just over 1% each.

In the midcap FTSE 250 /zigman2/quotes/210598417/delayed UK:MCX -0.12% , the biggest gainer was Babcock International /zigman2/quotes/200965934/delayed UK:BAB +0.21% , which climbed 7% after the aerospace, defense and security company announced the disposal of engineering and technology solutions consulting group Frazer-Nash to KBR for a deal valued at £285 million ($395 million).

The largest midcap decliner was Avon Protection /zigman2/quotes/209664543/delayed UK:AVON -1.06% , which fell 24% after a trading update over COVID-19 related bottlenecks that have hit the timing and deliveries of some orders.

A team of analysts at Peel Hunt, led by Henry Carver, said they would be adjusting down 2021 and 2022 earnings, but maintain a buy rating on the manufacturer and provider of protective equipment, because “we believe the business is in great shape and the medium to long-term prospects remain compelling.”

A simmering battle for Vectura Group may have come to an end, after the U.K. inhaler maker said Thursday that its management intends to unanimously recommend to shareholders Philip Morris International’s /zigman2/quotes/201611010/composite PM +1.92% 165 pence ($2.29) a share bid for the company. That offer is a 10 pence premium to the final offer from competing bidder Carlyle Europe Partners V.

The British pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.3815% fetched $1.38330 versus the previous close of $1.3807.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,573.05
+61.05 +0.81%
Volume: 1.36M
Nov. 30, 2022 4:56p
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 80.18
-0.37 -0.46%
Volume: 19,792
Dec. 1, 2022 1:57a
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 35.90
+0.59 +1.67%
Volume: 13.26M
Nov. 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
3.78%
Market Cap
$106.79 billion
Rev. per Employee
$3.38M
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
497.50 p
+5.45 +1.11%
Volume: 107.05M
Nov. 30, 2022 4:45p
P/E Ratio
N/A
Dividend Yield
4.05%
Market Cap
£88.99 billion
Rev. per Employee
£2.66M
loading...
/zigman2/quotes/205760760/composite
US : U.S.: NYSE
$ 23.88
+0.57 +2.45%
Volume: 728,419
Nov. 30, 2022 4:00p
P/E Ratio
15.62
Dividend Yield
1.47%
Market Cap
$31.70 billion
Rev. per Employee
$134,667
loading...
/zigman2/quotes/200530572/delayed
UK : U.K.: London
979.40 p
+14.60 +1.51%
Volume: 10.97M
Nov. 30, 2022 4:35p
P/E Ratio
17.57
Dividend Yield
1.47%
Market Cap
£26.42 billion
Rev. per Employee
£58,127
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
90.92 p
+1.80 +2.02%
Volume: 40.24M
Nov. 30, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£7.46 billion
Rev. per Employee
£264,977
loading...
/zigman2/quotes/210306391/delayed
UK : U.K.: London
132.15 p
+0.70 +0.53%
Volume: 44.15M
Nov. 30, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
1.38%
Market Cap
£5.33 billion
Rev. per Employee
£173,226
loading...
/zigman2/quotes/204872832/delayed
UK : U.K.: London
1,514.00 p
+17.50 +1.17%
Volume: 1.47M
Nov. 30, 2022 4:35p
P/E Ratio
13.44
Dividend Yield
3.05%
Market Cap
£3.30 billion
Rev. per Employee
£220,343
loading...
/zigman2/quotes/201303150/delayed
UK : U.K.: London
553.40 p
+1.80 +0.33%
Volume: 3.54M
Nov. 30, 2022 4:35p
P/E Ratio
24.93
Dividend Yield
1.46%
Market Cap
£4.55 billion
Rev. per Employee
£517,340
loading...
/zigman2/quotes/210598417/delayed
UK : FTSE UK
19,163.33
-22.83 -0.12%
Volume: 455,719
Nov. 30, 2022 4:58p
loading...
/zigman2/quotes/200965934/delayed
UK : U.K.: London
283.80 p
+0.60 +0.21%
Volume: 1.10M
Nov. 30, 2022 4:35p
P/E Ratio
9.91
Dividend Yield
0.00%
Market Cap
£1.43 billion
Rev. per Employee
£141,943
loading...
/zigman2/quotes/209664543/delayed
UK : U.K.: London
£ 1,029.00
-11.00 -1.06%
Volume: 195,929
Nov. 30, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.04%
Market Cap
£311.20 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/201611010/composite
US : U.S.: NYSE
$ 99.67
+1.88 +1.92%
Volume: 5.87M
Nov. 30, 2022 4:00p
P/E Ratio
17.75
Dividend Yield
5.10%
Market Cap
$151.59 billion
Rev. per Employee
$453,075
loading...
/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.2104
+0.0046 +0.3815%
Volume: 0.0000
Dec. 1, 2022 2:07a
loading...

Get news alerts on British Pound — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.