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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

London Stock Exchange
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Share Price: 12,190.00
Bid: 12,210.00
Ask: 12,214.00
Change: 162.00 (1.35%)
Spread: 4.00 (0.033%)
Open: 12,036.00
High: 12,214.00
Low: 12,024.00
Prev. Close: 12,028.00
AZN Live PriceLast checked at -

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Woodford sells stake in Reckitt Benckiser

Tue, 07th Oct 2014 18:12

Woodford Investment Management has added to its core holdings in British American Tobacco and G4S in its portfolio but announced it had sold down its stake in Reckitt Benckiser.Speaking about its decision to sell stakes in the multinational consumer goods company, which had been part of the fund for a decade, Woodford said the firm's shares had become too expensive recently.Woodford said that its CF Woodford Equity Income Fund withstood the increasingly volatile conditions the markets were subject to in September."We continue to view Reckitts as a great business with a very strong management team and an excellent product line-up," Woodford said in a statement."Such a high quality business deserves a high market rating but the shares have recently become too expensive to continue to justify their position in the portfolio."Despite a range of geopolitical tensions in the Middle East and Russia, the increasingly rapid spread of the Ebola virus and economic issues such as the slowdown in most Eurozone economies and the uncertainty over the European Central Bank's policies, the fund was awarded a 'Bronze' rating in September by Morningstar OBSR.In a note released on Tuesday, Woodford said that a number of stocks performed positively in September, with AA delivering strong results buoyed by half year results and a series of directorate changes.Since its initial public offering in June, shares in the road recovery firm have risen from 250p to 322.5p at the end of September and Woodford stated the fund was confident the firm's long-term strategy would lead to a growth in business.Reynolds American performed well and its deal with US-based tobacco company Lorillard "looks very sensible and value-enhancing" Woodford said, adding that the fund's holding in the US firm benefited from the strength of the US dollar during the period.The investment management group said Astrazeneca showed signs of weakness in the wake of the US government's decision to close the loophole of "tax inversion", which allows US businesses to purchase overseas companies, thus reducing their US tax obligations."This short-term 'will they / won't they' speculation about Pfizer' intentions towards Astrazeneca is an unwelcome distraction and we hope that, in time, the market can turn its attention back to the significant long-term potential that is building in Astrazeneca's clinical pipeline," Woodford said.The investment management firm added that Next had delivered disappointing results, as the clothing firm said it might fail to meet current profit guidance if the warm weather was to continue throughout October.Woodford, however, reiterated that it continued to view Next as a "very high quality, dependable retail business with an outstanding track record of delivering long-term shareholder value."
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22 Sep 2023 07:27

AstraZeneca reports positive findings from breast cancer threatment trial

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20 Sep 2023 08:44

TOP NEWS: AstraZeneca's rare disease business buys Pfizer portfolio

(Alliance News) - AstraZeneca PLC on Wednesday said rare disease business Alexion has signed a purchase and licence agreement for a rare disease programme portfolio from Pfizer Inc.

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15 Sep 2023 15:27

AstraZeneca and Daiichi Sankyo's Enhertu recommended for approval

(Alliance News) - AstraZeneca PLC and Daiichi Sankyo Co Ltd's Enhertu has been recommended for approval in the EU on Friday.

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14 Sep 2023 08:25

Smith & Nephew brings BT Chief Financial Officer Simon Lowth to board

(Alliance News) - Smith & Nephew PLC on Thursday announced that BT Group PLC's chief financial officer, Simon Lowth, will join the board as independent non-executive director on January 1.

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11 Sep 2023 21:54

AstraZeneca says Fasenra therapy meets primary endpoint at trial

(Alliance News) - AstraZeneca PLC on Monday said that its therapy, Fasenra, met the primary endpoint in the Mandara phase three trial in eosinophilic granulomatosis with polyangiitis.

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11 Sep 2023 10:17

UPDATE: AstraZeneca has good results from three cancer drugs in trials

(Alliance News) - AstraZeneca PLC reported positive clinical results of combinations of its Imfinzi and Tagrisso drugs with other treatments for lung cancer, while also seeing "strong and durable" tumour responses from its Enhertu antibody drug conjugate.

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11 Sep 2023 07:54

LONDON BRIEFING: Restaurant Group sells Frankie & Benny's and Chiquito

(Alliance News) - Stocks in London are called higher on Monday, ahead of a busy week of interest rate decisions and economic data.

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11 Sep 2023 06:59

AstraZeneca says Imfinzi and Tagrisso combinations show good results

(Alliance News) - AstraZeneca PLC reported positive clinical results of combinations of its Imfinzi and Tagrisso drugs with other treatments for cancer.

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6 Sep 2023 09:36

AstraZeneca working with FDA on Ultomiris risk evaluation changes

(Alliance News) - AstraZeneca PLC on Wednesday said it is working closely with the US Food & Drug Administration regarding a request to changes to improve risk evaluation for Ultomiris.

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6 Sep 2023 07:45

AstraZeneca working with FDA on finer details of Ultomiris treatment

(Sharecast News) - Pharma giant AstraZeneca said it is "working closely" with US regulators to clarify some details of its Ultomiris drug as it hopes to bring the treatment to market as quickly as possible for people suffering from the rare disease, neuromyelitis optica spectrum disorder (NMOSD).

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4 Sep 2023 15:46

UK dividends calendar - next 7 days

Tuesday 5 September 
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Wednesday 6 September 
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Thursday 7 September 
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4 Sep 2023 12:13

LONDON MARKET MIDDAY: Hopes of rate peak, China turnaround lift stocks

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4 Sep 2023 08:25

IN BRIEF: Astra drug gets China okay for chronic lymphocytic leukaemia

AstraZeneca PLC - Cambridge-based pharmaceutical maker - Astra's Calquence is approved in China for treatment of chronic lymphocytic leukaemia or small lymphocytic lymphoma in adult patients who have received at least one prior therapy. The National Medical Products Administration approves Calquence, whose generic name is acalabrutinib, based on two different trials, including one in China. Astra notes that CLL is the most prevalent type of adult leukaemia around the world and represents about 6.4% of B-cell non-Hodgkin lymphoma patients in China. Calquence already is approved for treatment of CLL and SLL in the US and Japan and is approved for CLL in the EU.

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LONDON BRIEFING: CMC names new CFO; takeover offer for Ergomed

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29 Aug 2023 20:24

Blood thinners, diabetes meds among first 10 drugs for US price negotiations

Aug 29(Reuters) - The Biden administration on Tuesday released its list of 10 prescription medicines that will be subject to the first-ever price negotiations by the U.S. Medicare health program that covers 66 million people, with big-selling blood thinner Eliquis from Bristol Myers Squibb and Pfizer among them.

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