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FTSE 100 starts 2021 with a bang, rising nearly 3% by midday
StockMarketWire.com
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The FTSE 100 surged 2.8% to 6,641.11 by Monday lunchtime as investors reacted to positive news on vaccines and M&A news in the gambling sector.
Oil prices also hit multi-month highs as speculation mounted that producers' cartel OPEC would extend production curbs at its meeting later today.
The first dose of the newly-approved vaccine from AstraZeneca and Oxford University was rolled out across the UK today.
AstraZeneca rose 2.8% to £75.30 a share as the pharma giant also said it had completed the sale of commercial rights to its hypertension medications Atacand and Atacand Plus in over 70 countries to Cheplapharm Arzneimittel GmbH.
Ladbrokes owner Entain surged 28% to £14.52 a share after it confirmed that it had received proposed merger offer of about £13.83 a share from MGM Resorts International.
Entain, however, rejected the offer, saying it undervalued the company.
Ferguson ticked up 2p to £88.86 a share after the plumbing company said it had agreed to sell Wolseley UK, its UK-based heating and plumbing distribution business, to Clayton, Dubilier & Rice, a global private investment firm for approximately £308 million. Business parks operator Sirius Real Estate climbed 2.4% to 95.6p after completing the acquisition of three business parks in Germany for a total of €26 million.
Science and engineering group QinetiQ rose 2.4% to 327.6p after winning a five-year £127 million contract from the UK Ministry of Defence to provide engineering services for the Typhoon combat aircraft.
IT services provider IDE jumped 287% to 3p after winning a 'significant' new contract, worth £22.5 million over the three years, with an existing customer within its partnership channel. At 12:00pm:
(LON:AZN) Astrazeneca PLC share price was 0p at 8633p
(LON:FERG) Ferguson PLC share price was 0p at 7992p
(LON:QQ.) Qinetiq Group PLC share price was 0p at 310.6p
(LON:SRE) Sirius Real Estate LD share price was 0p at 85.2p
Story provided by StockMarketWire.com
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