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 -0.47% 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 -0.71% remained under pressure on Friday. Shares of Royal Dutch Shell /zigman2/quotes/205095589/composite RDS.A +0.30% and BP /zigman2/quotes/207305210/composite BP +0.90% /zigman2/quotes/202286639/delayed UK:BP -0.76% fell 1% and 0.8%, respectively.

Gainers included insurer Prudential /zigman2/quotes/205760760/composite PUK -0.98% /zigman2/quotes/200530572/delayed UK:PRU -0.10% , which climbed 2.4%. Other gainers included aircraft engine maker Rolls-Royce Holdings /zigman2/quotes/203646520/delayed UK:RR +0.12% and Melrose Industries /zigman2/quotes/210306391/delayed UK:MRO -0.44% , up around 1% each.

Other fallers included generics drug company Hikma Pharmaceuticals /zigman2/quotes/204872832/delayed UK:HIK +0.54% and real estate website operator Rightmove /zigman2/quotes/201303150/delayed UK:RMV -0.23% , down just over 1% each.

In the midcap FTSE 250 /zigman2/quotes/210598417/delayed UK:MCX -0.29% , 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 -0.49% , 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 +1.28% 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 -0.1230% fetched $1.38330 versus the previous close of $1.3807.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,189.21
-33.89 -0.47%
Volume: 172,245
Oct. 21, 2021 12:51p
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 82.83
-0.59 -0.71%
Volume: 120,491
Oct. 21, 2021 7:56a
loading...
/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 49.44
+0.15 +0.30%
Volume: 6.83M
Oct. 20, 2021 4:00p
P/E Ratio
34.97
Dividend Yield
2.57%
Market Cap
$190.53 billion
Rev. per Employee
$1.95M
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 30.13
+0.27 +0.90%
Volume: 6.86M
Oct. 20, 2021 4:00p
P/E Ratio
11.78
Dividend Yield
4.16%
Market Cap
$99.32 billion
Rev. per Employee
$2.84M
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
360.35 p
-2.75 -0.76%
Volume: 6.76M
Oct. 21, 2021 12:50p
P/E Ratio
11.67
Dividend Yield
4.40%
Market Cap
£71.98 billion
Rev. per Employee
£2.21M
loading...
/zigman2/quotes/205760760/composite
US : U.S.: NYSE
$ 40.55
-0.40 -0.98%
Volume: 253,540
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.79%
Market Cap
$54.57 billion
Rev. per Employee
$3.00M
loading...
/zigman2/quotes/200530572/delayed
UK : U.K.: London
1,443.50 p
-1.50 -0.10%
Volume: 419,662
Oct. 21, 2021 12:51p
P/E Ratio
N/A
Dividend Yield
0.80%
Market Cap
£39.55 billion
Rev. per Employee
£2.34M
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
138.44 p
+0.16 +0.12%
Volume: 8.34M
Oct. 21, 2021 12:51p
P/E Ratio
4.42
Dividend Yield
N/A
Market Cap
£11.67 billion
Rev. per Employee
£245,311
loading...
/zigman2/quotes/210306391/delayed
UK : U.K.: London
160.00 p
-0.70 -0.44%
Volume: 1.70M
Oct. 21, 2021 12:51p
P/E Ratio
N/A
Dividend Yield
0.99%
Market Cap
£7.19 billion
Rev. per Employee
£169,354
loading...
/zigman2/quotes/204872832/delayed
UK : U.K.: London
2,433.00 p
+13.00 +0.54%
Volume: 44,533
Oct. 21, 2021 12:50p
P/E Ratio
16.34
Dividend Yield
1.55%
Market Cap
£5.58 billion
Rev. per Employee
£212,273
loading...
/zigman2/quotes/201303150/delayed
UK : U.K.: London
706.20 p
-1.60 -0.23%
Volume: 261,785
Oct. 21, 2021 12:51p
P/E Ratio
40.13
Dividend Yield
1.06%
Market Cap
£5.94 billion
Rev. per Employee
£375,396
loading...
/zigman2/quotes/210598417/delayed
UK : FTSE UK
22,899.17
-67.50 -0.29%
Volume: 93,836
Oct. 21, 2021 12:51p
loading...
/zigman2/quotes/200965934/delayed
UK : U.K.: London
333.60 p
+0.70 +0.21%
Volume: 269,483
Oct. 21, 2021 12:50p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£1.66 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209664543/delayed
UK : U.K.: London
£ 2,030.00
-10.00 -0.49%
Volume: 42,515
Oct. 21, 2021 12:48p
P/E Ratio
78.65
Dividend Yield
0.01%
Market Cap
£613.77 million
Rev. per Employee
£193,103
loading...
/zigman2/quotes/201611010/composite
US : U.S.: NYSE
$ 97.02
+1.23 +1.28%
Volume: 3.78M
Oct. 20, 2021 4:00p
P/E Ratio
16.87
Dividend Yield
5.15%
Market Cap
$149.29 billion
Rev. per Employee
$404,183
loading...
/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3808
-0.0017 -0.1230%
Volume: 0.0000
Oct. 21, 2021 8:06a
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.