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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 +6.55% , the operator of closed cinemas on both sides of the Atlantic, surged 32%. Oil services firm Petrofac /zigman2/quotes/202340229/delayed UK:PFC +4.69% , catering group SSP Group /zigman2/quotes/205370875/delayed UK:SSPG +4.53% , engine maker Rolls-Royce /zigman2/quotes/203646520/delayed UK:RR +3.20% and bus-and-rail operator FirstGroup /zigman2/quotes/202157466/delayed UK:FGP +1.80% also posted double-digit percentage gains.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.15% , 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 +1.70% and Royal Dutch Shell /zigman2/quotes/206428183/delayed UK:RDSA +2.65% had another stellar day of gains to buoy the FTSE 100. AstraZeneca /zigman2/quotes/203048482/delayed UK:AZN +0.15% 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 +2.34% , 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
89.50 p
+5.50 +6.55%
Volume: 10.62M
May 14, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£1.15 billion
Rev. per Employee
N/A
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/zigman2/quotes/202340229/delayed
UK : U.K.: London
145.00 p
+6.50 +4.69%
Volume: 4.40M
May 14, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£465.16 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/205370875/delayed
UK : U.K.: London
322.80 p
+14.00 +4.53%
Volume: 891,384
May 14, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£2.45 billion
Rev. per Employee
£65,745
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
107.64 p
+3.34 +3.20%
Volume: 33.37M
May 14, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£8.73 billion
Rev. per Employee
£244,046
loading...
/zigman2/quotes/202157466/delayed
UK : U.K.: London
79.35 p
+1.40 +1.80%
Volume: 1.75M
May 14, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£940.11 million
Rev. per Employee
£68,995
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,043.61
+80.28 +1.15%
Volume: 0.00
May 14, 2021 4:52p
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/zigman2/quotes/202286639/delayed
UK : U.K.: London
313.65 p
+5.25 +1.70%
Volume: 36.77M
May 14, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
4.75%
Market Cap
£62.08 billion
Rev. per Employee
£2.21M
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/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 1,419.00
+36.60 +2.65%
Volume: 5.57M
May 14, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.03%
Market Cap
£105.54 billion
Rev. per Employee
£1.52M
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/zigman2/quotes/203048482/delayed
UK : U.K.: London
7,864.00 p
+12.00 +0.15%
Volume: 1.41M
May 14, 2021 4:35p
P/E Ratio
34.37
Dividend Yield
2.63%
Market Cap
£103.08 billion
Rev. per Employee
£282,763
loading...
/zigman2/quotes/206444744/delayed
UK : U.K.: London
3,147.00 p
+72.00 +2.34%
Volume: 501,294
May 14, 2021 4:35p
P/E Ratio
15.77
Dividend Yield
7.47%
Market Cap
£9.81 billion
Rev. per Employee
£637,483
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