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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 +1.98% , the operator of closed cinemas on both sides of the Atlantic, surged 32%. Oil services firm Petrofac /zigman2/quotes/202340229/delayed UK:PFC -4.05% , catering group SSP Group /zigman2/quotes/205370875/delayed UK:SSPG -0.96% , engine maker Rolls-Royce /zigman2/quotes/203646520/delayed UK:RR +0.38% and bus-and-rail operator FirstGroup /zigman2/quotes/202157466/delayed UK:FGP -1.06% also posted double-digit percentage gains.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.15% , 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 +0.54% and Royal Dutch Shell had another stellar day of gains to buoy the FTSE 100. AstraZeneca /zigman2/quotes/203048482/delayed UK:AZN +0.73% 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 -1.47% , 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
4.90 p
+0.10 +1.98%
Volume: 21.00M
Dec. 5, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£65.92 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/202340229/delayed
UK : U.K.: London
84.05 p
-3.55 -4.05%
Volume: 3.49M
Dec. 5, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£447.00 million
Rev. per Employee
£254,125
loading...
/zigman2/quotes/205370875/delayed
UK : U.K.: London
216.40 p
-2.10 -0.96%
Volume: 1.06M
Dec. 5, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£1.74 billion
Rev. per Employee
£59,885
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
90.59 p
+0.34 +0.38%
Volume: 18.23M
Dec. 5, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£7.55 billion
Rev. per Employee
£264,977
loading...
/zigman2/quotes/202157466/delayed
UK : U.K.: London
102.90 p
-1.10 -1.06%
Volume: 718,767
Dec. 5, 2022 4:35p
P/E Ratio
6.09
Dividend Yield
1.94%
Market Cap
£772.56 million
Rev. per Employee
£150,155
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,567.54
+11.31 +0.15%
Volume: 450,476
Dec. 5, 2022 4:51p
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
483.50 p
+2.60 +0.54%
Volume: 25.85M
Dec. 5, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
4.07%
Market Cap
£86.93 billion
Rev. per Employee
£2.66M
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/zigman2/quotes/203048482/delayed
UK : U.K.: London
11,260.00 p
+82.00 +0.73%
Volume: 1.13M
Dec. 5, 2022 4:35p
P/E Ratio
102.66
Dividend Yield
1.97%
Market Cap
£173.21 billion
Rev. per Employee
£426,154
loading...
/zigman2/quotes/206444744/delayed
UK : U.K.: London
1,276.50 p
-19.00 -1.47%
Volume: 802,564
Dec. 5, 2022 4:35p
P/E Ratio
5.56
Dividend Yield
18.41%
Market Cap
£4.14 billion
Rev. per Employee
£665,570
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