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Nov. 10, 2020, 8:29 a.m. EST

Rotation into hard-hit stocks continues for second day as FTSE 100 climbs over 1%

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By Steve Goldstein

The rotation into the hardest-hit stocks from the COVID-19 pandemic continued for a second day in London, after the release of data showing a leading coronavirus vaccine candidate is 90% effective.

Cineworld /zigman2/quotes/206525056/delayed UK:CINE -3.12% , the operator of closed cinemas on both sides of the Atlantic, surged 32%. Oil services firm Petrofac /zigman2/quotes/202340229/delayed UK:PFC -2.03% , catering group SSP Group /zigman2/quotes/205370875/delayed UK:SSPG +0.17% , engine maker Rolls-Royce /zigman2/quotes/203646520/delayed UK:RR +0.27% and bus-and-rail operator FirstGroup /zigman2/quotes/202157466/delayed UK:FGP +1.26% also posted double-digit percentage gains.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.39% , which surged close to 5% on Monday after the data from drugmaker Pfizer and its partner BioNTech, added another 1.2%.

Major oil companies BP /zigman2/quotes/202286639/delayed UK:BP -2.22% and Royal Dutch Shell /zigman2/quotes/206428183/delayed UK:RDSA -1.31% had another stellar day of gains to buoy the FTSE 100. AstraZeneca /zigman2/quotes/203048482/delayed UK:AZN +1.68% shares rose 3% as the pharmaceutical, which with the University of Oxford is developing its own COVID-19 vaccine, said a late-stage trial of its severe-asthma drug met its goal of a statistically significant and clinically meaningful reduction in exacerbation.

Persimmon /zigman2/quotes/206444744/delayed UK:PSN -0.26% , the U.K. home builder, fell 5%. Persimmon said business over the summer was “robust” and declared a second dividend, but it didn’t increase its guidance. Even with Tuesday’s decline, the stock is up nearly 10% over the last five days.

/zigman2/quotes/206525056/delayed
UK : U.K.: London
99.64 p
-3.21 -3.12%
Volume: 5.56M
Feb. 26, 2021 10:21a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£1.30 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202340229/delayed
UK : U.K.: London
130.20 p
-2.70 -2.03%
Volume: 807,996
Feb. 26, 2021 10:16a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£444.17 million
Rev. per Employee
£376,934
loading...
/zigman2/quotes/205370875/delayed
UK : U.K.: London
351.00 p
+0.60 +0.17%
Volume: 566,601
Feb. 26, 2021 10:21a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£1.84 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
112.35 p
+0.30 +0.27%
Volume: 18.25M
Feb. 26, 2021 10:21a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£9.36 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202157466/delayed
UK : U.K.: London
88.35 p
+1.10 +1.26%
Volume: 794,153
Feb. 26, 2021 10:18a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£1.04 billion
Rev. per Employee
£68,995
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,626.34
-25.62 -0.39%
Volume: 214,896
Feb. 26, 2021 10:21a
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
297.80 p
-6.75 -2.22%
Volume: 18.11M
Feb. 26, 2021 10:21a
P/E Ratio
N/A
Dividend Yield
4.99%
Market Cap
£60.31 billion
Rev. per Employee
N/A
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/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 1,475.00
-19.60 -1.31%
Volume: 1.16M
Feb. 26, 2021 10:21a
P/E Ratio
N/A
Dividend Yield
0.03%
Market Cap
£113.37 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203048482/delayed
UK : U.K.: London
7,128.00 p
+118.00 +1.68%
Volume: 430,178
Feb. 26, 2021 10:21a
P/E Ratio
37.62
Dividend Yield
2.90%
Market Cap
£93.46 billion
Rev. per Employee
£272,751
loading...
/zigman2/quotes/206444744/delayed
UK : U.K.: London
2,664.00 p
-7.00 -0.26%
Volume: 151,855
Feb. 26, 2021 10:21a
P/E Ratio
12.59
Dividend Yield
4.13%
Market Cap
£8.81 billion
Rev. per Employee
£690,520
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