AstraZeneca PLCDenied takeover talks with Bristol Myers Squibb, shares rose 2.9%
The London stock market closed slightly higher on Wednesday, with the FTSE 100 ending at 10,888.30 points, up 8.92 points or 0.08%, supported by strong earnings from Glencore and Next. Glencore shares surged 4.1% after reporting first-half profit up 86%, beating expectations, along with plans for an additional listing on the Australian stock exchange. Next shares jumped 6.9%, the most in the index, after raising its full-year profit forecast for the third time. AstraZeneca shares rose 2.9% after denying reports of takeover talks with Bristol Myers Squibb. Banking stocks fell, with Prudential down 6.4% and HSBC down nearly 5% following reports that China has started taxing income from overseas insurance policy returns. Energy stocks dropped 1.5%, tracking volatile oil prices amid uncertainty in the Middle East.
AstraZeneca PLCDenied takeover talks with Bristol Myers Squibb, shares rose 2.9%
Bristol-Myers Squibb Company
Glencore PLCFirst-half profit up 86%, beating expectations, and plans for additional listing on Australian exchange
Next PLCRaised full-year profit forecast for the third time, shares jumped 6.9%
HSBC Holdings PLCChina started taxing income from overseas insurance policy returns, hitting HSBC's insurance business
Prudential Financial, Inc.