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BUZZ-Healthcare stocks: having an off day

Thu, 06th Nov 2014 11:10

** Healthcare stocks trade heavily in the red, accountingfor more than half of the FTSE 100's points drop.

** UK benchmark down 0.3 pct.

** AstraZeneca falls 2.5 pct even after raising its2014 sales forecast.

** Traders said drugmaker's results would have needed tohave been quite dramatic to have boosted stock, already tradingaround levels last seen before it saw off a $118 bln takeoverbid from Pfizer in May.

** Share price weakness trims YTD gains to about 26 pct.

** AstraZeneca CEO says recent U.S. tax changes weaken casefor new Pfizer bid.

** GlaxoSmithKline down 2.3 pct as tradesex-dividend.

** Smith & Nephew pares back gains after strong runaround recent robust results.

** Ed Woolfitt, head of trading at Galvan sees S&N weaknessas decent buying opportunity. (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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