Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
London stocks gain as AstraZeneca, Indivior jump
Published at 26/01/2021 at 08:31

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 rises 0.6%, FTSE 250 adds 0.2%

Jan 26 (Reuters) - British stocks rose on Tuesday after drugmaker AstraZeneca denied reports that its COVID-19 vaccine was less effective in the elderly population, while Indivior surged after its former parent withdrew a $1.4 billion legal claim.

The blue-chip FTSE 100 index climbed 0.5%, with healthcare stocks leading the gains, while the domestically focussed mid-cap index added 0.2%.

Drugmaker AstraZeneca gained 0.7% and was the top boost to the FTSE 100 after denying reports that its COVID-19 vaccine is not very effective for people aged over 65.

German media reports said officials fear the vaccine may not be approved in the European Union for use in the elderly.

However, limiting gains was a jump in Britain's unemployment rate to 5.0%, its highest since 2016, as the COVID-19 pandemic continued to take its toll on the economy, official figures showed.

Britain's Rolls-Royce tumbled 7% after it downgraded expectations for how much its engines would fly this year and warned of a big cash outflow, blaming extra travel restrictions to stop the spread of a new COVID-19 variant.

Indivior jumped 10.1% to the top of the FTSE 250 index after it said late on Monday that former parent Reckitt Benckiser would withdraw a $1.4 billion claim against the company.

(Reporting by Shashank Nayar in Bengaluru; editing by Uttaresh.V)

((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

(( For related prices, Reuters users may click on - *

UK stock report

FTSE index:

techMARK 100 index: FTSE futures:

Gilt futures: Smallcap index:

FTSE 250 index: FTSE 350 index:

Market digest: Top 10 by vol:

Top price gainers: Top % gainers:

Top price losers: Top % losers:

* For related news, click on - *

UK hot stocks: and Wall Street:

Gilts report: Euro bond report

Pan European stock report:

Tokyo stocks: HK stocks:

Sterling report: Dollar report:

* For company prices, click on - *

Company directory: By sector:

* For pan-European market data, click on - *

European Equities speed guide................

FTSE Eurotop 300 index...........................

DJ STOXX index...................................

Top 10 STOXX sectors........................

Top 10 EUROSTOXX sectors...................

Top 10 Eurotop 300 sectors..................

Top 25 European pct gainers....................

Top 25 European pct losers..................... ))