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Market report: Astrazeneca injects some life into the FTSE as it smashes through 7,200

The FTSE 100 is up 0.4% 7,222.45 as positively received corporate results help provide the index with a lift on Thursday. Pharmaceutical giant AstraZeneca (AZN) gains 4% to £59.49 after a 'strong' fourth quarter led by performance of new medicines underscored its return to growth and saw the drugmaker meet its guidance. For the 12 months to 31 December, revenue fell 2% to $22.1bn and ...

Market report: Metal basher bid battle heats up, RELX up on ‘simplified’ structure and profits rise

Autos and aero engineering group GKN (GKN) continues to fight for its independence on Thursday as it again urges shareholders to resist the hostile takeover by turnaround specialist Melrose (MRO). GKN has written to shareholders describing the takeover attempt as ‘entirely opportunistic’, and again insists that the £7.4bn shares offer ‘fundamentally undervalues’ the ...
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