What next for deal-making in 2016?
There has been plenty of deal-making in the UK and record merger and acquisition (M&A) activity in the USA.
Company
LON:AZN
AstraZeneca is one of the world's leading pharmaceutical companies, with a broad range of medicines designed to fight disease. AstraZeneca has over 67,000 empolyees and operates in over 100 countries with growing presence in important emerging markets.
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There has been plenty of deal-making in the UK and record merger and acquisition (M&A) activity in the USA.
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Miners, Restaurant Group, AstraZeneca, Bovis
The Fed and pharma world were among the trending stories of the day.....
Leading the way on the index was Standard Chartered
Investments and investor services
In the UK, the FTSE100 had that feel-good feeling following the Fed hike
Drug group is buying 55% interest in Acerta Pharma
The FTSE100, which is down around 7.5% on the year, rose almost 1%, or 59 points, to 6,076 by lunch.
FTSE 100 Index rose as investors brace for the first US interest rise in almost a decade.
Investments and investor services
The miners were again at the bottom of the index, as a lower oil price weighed on metal prices.
The FTSE100 was three points lower at lunch at 5,949.
Last week, reports said the pharma giant was in “advanced talks” to buy Acerta for around US$5bn
After heavy losses Friday, FTSE 100 added 48 to 6,001
Investments and investor services
Dixons Carphone and Dunelm were given the thumbs up, while Kingfisher and next were downgraded by broker Nomura
Investments and investor services
The FTSE100 could only manage a 25 point gain to 6,420.
Shares in big cap pharma AstraZeneca gained ground midweek as heavyweight broker Morgan Stanley said the sector was now fairly valued.
FTSE 100 was 21 points higher at 6,416 ahed of the US opening
The combined group will become the world’s largest drug company.
AstraZeneca, Premier Oil, Man Group, and Genus are in the broker spotlight on Thursday
Some 94% of companies in a survey plan to make acquisitions in the coming year