The FTSE 100 fell 30 points to 10,838, dragged down by AstraZeneca's 9.3% drop following reports of merger talks with Bristol Myers Squibb, which raised concerns over strategic fit and antitrust issues. Commodity giants like Rio Tinto and BP also declined amid slipping oil prices, while Shell edged up after selling its UK and EU renewables portfolio to TotalEnergies. Housebuilders surged as falling gilt yields improved borrowing outlook, supporting mortgage affordability. Meanwhile, global markets saw mixed moves with Wall Street rallying on tech gains and the yen strengthening after coordinated intervention by Japan and the US. Investors remain cautious amid geopolitical tensions and economic data releases ahead.
AstraZeneca announced that its drug Tezspire met all primary and key secondary goals in a late-stage trial for eosinophilic esophagitis, a chronic condition causing inflammation and difficulty swallowing. The trial involved 368 patients who received ...
AstraZeneca has priced a €2.55 billion bond issuance split into four fixed-rate tranches maturing between 2030 and 2038. The bonds, issued by its US subsidiary and guaranteed by the parent company, carry coupons ranging from 3.402% to 4.169%, reflect...
AstraZeneca faced a setback with the discontinuation of its volrustomig trial for non-small cell lung cancer, but strong clinical results for drugs like Tagrisso and Enhertu support its growth prospects. Investment firm CICC gave AstraZeneca an "Outp...
