AstraZeneca PLCAstraZeneca fell 2.5% as part of broader market decline, but no specific company news; weak UK construction data and gold miner losses weigh on sentiment.
The FTSE 100 closed down 0.3% on Monday, pressured by declines in gold miners and AstraZeneca alongside soft UK construction data. The UK construction PMI edged up to 38.4 in June from 38.2 in May, remaining deep in contraction territory. AstraZeneca fell 2.5% and GSK dropped 1.6%, while Fresnillo and Endeavour Mining lost 2.4% and 2.5% respectively as gold prices weakened. On the FTSE 250, easyJet surged 9.3% after reaching an agreement in principle for a takeover by Castlelake at 690 pence per share, valuing the airline at over £5 billion. ITV slipped 0.1% after announcing it will return £950 million to shareholders from the sale of its Media & Entertainment business to Sky for up to £1.6 billion.
AstraZeneca PLCAstraZeneca fell 2.5% as part of broader market decline, but no specific company news; weak UK construction data and gold miner losses weigh on sentiment.
GSK plcGSK dropped 1.6% as part of broader market decline, but no specific company news; weak UK construction data and gold miner losses weigh on sentiment.
Endeavour Mining CorpEndeavour Mining lost 2.5% as gold prices weakened.
Fresnillo PLCFresnillo lost 2.4% as gold prices weakened.
EasyJet PLCEasyJet surged 9.3% after reaching agreement in principle for a takeover by Castlelake at 690 pence per share.
ITV PLCITV announced a £950m shareholder return from sale of Media & Entertainment business, but stock slipped 0.1%.