Shire price fall leaves FTSE at 5,000

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The Uk's FTSE 100 stock market index continued to flirt with the 5,000 point mark throughout the day but eventually ended the day 9.60 points higher to reach that magical figure exactly.

The benchmark index for led for the most part by a 29p or 12% advance by Imperial Chemical Industries to 275p, after reporting profits well ahead of analysts’ estimates. Hotel chain, Hilton Group also marched 10.25p higher to 318.25p, after analysts advised investors to buy shares. At the other end of trading, however, Drugmaker Shire went into free fall, losing 64.5p or 10% to 577.5p, after Canadian regulators ordered the company to withdraw its biggest selling drug, Adderall XR, as a result of its link to at least 20 deaths. Rolls Royce Group also closed down 7p to 264.5p. In the ...

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