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FTSE 100 movers: AstraZeneca rival's failure helps boost market

Mon, 16th Nov 2015 15:12

(ShareCast News) - The FTSE 100 remained resilient after Friday night's terrorist attacks in Paris, with the market up 3.02 points (0.05%) to 6,121.30 points mid-afternoon Monday.AstraZeneca was the market's biggest riser after news that the US Food and Drug Administration has asked for additional clinical data from one of its key competitors. The FDA asked for more information on the effectiveness of Clovis Oncology's experimental lung cancer drug, rociletinib. That meant the drug's approval could be delayed and has put the company's progress behind rival AstraZeneca, whose similar treatment was approved last Friday.Imperial Tobacco Group surged in early trading after Goldman Sachs reiterated its buy rating for the stock, but revised its price target down from 3,800p to 3,700p. It came less than two weeks after Credit Suisse upgraded its price target on Imperial Tobacco from 3,500p to 3,800p on the back of better-than-expected cash flow.Taylor Wimpey also had a good start to the day after it said it expected to report a 2% rise in 2015 operating profit margin and a return on net operating assets of more than 25%. In a trading statement for the year to date, the housebuilder said it had seen an "excellent summer selling season strengthen further in the autumn period", underpinned by rising wages and access to a wider range of mortgages.However the market wasn't immune from the events across the channel, with Tui AG and International Consolidated Airlines Group registering big falls in the wake of the Paris attacks. Kepler Cheuvreux noted that the consequences of the terrorist attack are negative for the entire travel and leisure sector in Europe and especially France. "The travel & leisure sector is fully based on trust and confidence; people only travel when they feel they are safe. If not, international tourism in particular can be hit hard considering that conventions, fairs or any other leisure trips can be postponed to a safer period." FTSE 100 - RisersAstraZeneca (AZN) 4,255.50p 3.94%Taylor Wimpey (TW.) 179.40p 3.22%Imperial Tobacco Group (IMT) 3,552.00p 2.84%Rolls-Royce Holdings (RR.) 528.00p 2.82%ITV (ITV) 265.50p 2.12%Randgold Resources Ltd. (RRS) 4,030.00p 2.00%BAE Systems (BA.) 462.50p 1.96%Royal Dutch Shell 'A' (RDSA) 1,595.00p 1.72%BG Group (BG.) 984.30p 1.72%BP (BP.) 370.15p 1.55%FTSE 100 - FallersTUI AG Reg Shs (DI) (TUI) 1,090.00p -3.88%International Consolidated Airlines Group SA (CDI) (IAG) 574.00p -3.12%Carnival (CCL) 3,389.00p -2.36%Pearson (PSON) 765.50p -2.05%InterContinental Hotels Group (IHG) 2,462.00p -1.87%Burberry Group (BRBY) 1,252.00p -1.26%Merlin Entertainments (MERL) 392.10p -1.01%Whitbread (WTB) 4,414.00p -0.85%Royal Mail (RMG) 440.50p -0.81%Smiths Group (SMIN) 920.50p -0.75%
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(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target

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5 Feb 2016 14:28

Imperial Tobacco changes its name to Imperial Brands

(ShareCast News) - Imperial Tobacco has changed its name to Imperial Brands with immediate effect, following approval from shareholders at the annual general meeting earlier this week. The group's ticker on the London Stock Exchange will change to IMB with effect from Monday and its new web address,

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4 Feb 2016 16:30

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3 Feb 2016 09:38

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2 Feb 2016 09:36

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2 Feb 2016 08:23

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29 Jan 2016 16:11

London close: Equities close higher as oil prices rise, BoJ loosens policy

(ShareCast News) - The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received. Oil prices gained on hopes of a deal by major exporters to cut production to address the global supply glut. At 1640 GMT, Brent crude rose 1.4% to $34.

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29 Jan 2016 14:50

FTSE 100 movers: South Africa rate rise sends Old Mutual surging

(ShareCast News) - The FTSE 100 was back over the 6,000 mark on Friday, rising 105.69 points (1.78%) to 6,037.47 by mid-afternoon. Old Mutual topped the list after South Africa's central bank raised interest rates for the second time in two months yesterday. The bank also cut its growth forecast as

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28 Jan 2016 18:01

After unusual weather, Cuba struggles to save prized tobacco crop

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28 Jan 2016 16:04

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28 Jan 2016 09:37

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27 Jan 2016 16:01

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21 Jan 2016 16:25

Credit Suisse adds Travis Perkins, Whitbread, Imperial Tobacco and Halma to top picks

(ShareCast News) - Analysts at Credit Suisse reshuffled their deck of top outperformers and underperformers on Thursday. In its report, the broker summarised analysts' most and least favoured stocks in each sector, which were usually limited to 20% of each one's coverage universe. The Swiss broker

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18 Jan 2016 10:17

WINNERS & LOSERS SUMMARY: Empyrean Energy Jumps On Sugarloaf Deal

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