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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

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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 -0.55% 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 +1.25% remained under pressure on Friday. Shares of Royal Dutch Shell /zigman2/quotes/205095589/composite RDS.A +5.25% and BP /zigman2/quotes/207305210/composite BP +5.06% /zigman2/quotes/202286639/delayed UK:BP +1.11% fell 1% and 0.8%, respectively.

Gainers included insurer Prudential /zigman2/quotes/205760760/composite PUK +1.28% /zigman2/quotes/200530572/delayed UK:PRU -3.31% , which climbed 2.4%. Other gainers included aircraft engine maker Rolls-Royce Holdings /zigman2/quotes/203646520/delayed UK:RR -0.55% and Melrose Industries /zigman2/quotes/210306391/delayed UK:MRO -2.08% , up around 1% each.

Other fallers included generics drug company Hikma Pharmaceuticals /zigman2/quotes/204872832/delayed UK:HIK -2.00% and real estate website operator Rightmove /zigman2/quotes/201303150/delayed UK:RMV -2.31% , down just over 1% each.

In the midcap FTSE 250 /zigman2/quotes/210598417/delayed UK:MCX -0.99% , the biggest gainer was Babcock International /zigman2/quotes/200965934/delayed UK:BAB +0.10% , 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 -1.75% , 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 +2.15% 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 +0.2711% fetched $1.38330 versus the previous close of $1.3807.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,129.21
-39.47 -0.55%
Volume: 692,854
Dec. 2, 2021 4:58p
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 66.39
+0.82 +1.25%
Volume: 501,931
Dec. 2, 2021 12:05p
loading...
/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 43.78
+2.19 +5.25%
Volume: 4.35M
Dec. 2, 2021 12:15p
P/E Ratio
37.18
Dividend Yield
2.91%
Market Cap
$164.72 billion
Rev. per Employee
$1.95M
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 27.04
+1.30 +5.06%
Volume: 9.32M
Dec. 2, 2021 12:15p
P/E Ratio
13.91
Dividend Yield
4.70%
Market Cap
$87.21 billion
Rev. per Employee
$2.84M
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/zigman2/quotes/202286639/delayed
UK : U.K.: London
336.60 p
+3.70 +1.11%
Volume: 65.58M
Dec. 2, 2021 4:35p
P/E Ratio
14.37
Dividend Yield
4.87%
Market Cap
£65.48 billion
Rev. per Employee
£2.21M
loading...
/zigman2/quotes/205760760/composite
US : U.S.: NYSE
$ 33.99
+0.43 +1.28%
Volume: 1.73M
Dec. 2, 2021 12:15p
P/E Ratio
N/A
Dividend Yield
0.95%
Market Cap
$47.86 billion
Rev. per Employee
$3.00M
loading...
/zigman2/quotes/200530572/delayed
UK : U.K.: London
1,270.50 p
-43.50 -3.31%
Volume: 4.19M
Dec. 2, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.91%
Market Cap
£35.94 billion
Rev. per Employee
£2.34M
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
125.44 p
-0.70 -0.55%
Volume: 22.27M
Dec. 2, 2021 4:35p
P/E Ratio
4.01
Dividend Yield
N/A
Market Cap
£10.55 billion
Rev. per Employee
£245,311
loading...
/zigman2/quotes/210306391/delayed
UK : U.K.: London
145.70 p
-3.10 -2.08%
Volume: 6.91M
Dec. 2, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
1.08%
Market Cap
£6.51 billion
Rev. per Employee
£169,354
loading...
/zigman2/quotes/204872832/delayed
UK : U.K.: London
2,203.00 p
-45.00 -2.00%
Volume: 249,239
Dec. 2, 2021 4:35p
P/E Ratio
14.80
Dividend Yield
1.77%
Market Cap
£5.20 billion
Rev. per Employee
£212,273
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/zigman2/quotes/201303150/delayed
UK : U.K.: London
744.80 p
-17.60 -2.31%
Volume: 1.99M
Dec. 2, 2021 4:35p
P/E Ratio
42.32
Dividend Yield
1.01%
Market Cap
£6.45 billion
Rev. per Employee
£375,396
loading...
/zigman2/quotes/210598417/delayed
UK : FTSE UK
22,684.84
-227.89 -0.99%
Volume: 249,405
Dec. 2, 2021 4:58p
loading...
/zigman2/quotes/200965934/delayed
UK : U.K.: London
303.30 p
+0.30 +0.10%
Volume: 662,017
Dec. 2, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£1.53 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209664543/delayed
UK : U.K.: London
£ 1,064.00
-19.00 -1.75%
Volume: 50,353
Dec. 2, 2021 4:35p
P/E Ratio
41.22
Dividend Yield
0.03%
Market Cap
£332.35 million
Rev. per Employee
£193,103
loading...
/zigman2/quotes/201611010/composite
US : U.S.: NYSE
$ 88.74
+1.87 +2.15%
Volume: 1.89M
Dec. 2, 2021 12:15p
P/E Ratio
15.44
Dividend Yield
5.63%
Market Cap
$135.24 billion
Rev. per Employee
$404,183
loading...
/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3314
+0.0036 +0.2711%
Volume: 0.0000
Dec. 2, 2021 12:15p
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