FTSE stays high on Boots chemistry set

clock

In the UK stocks rose, led by Boots Group and Alliance Unichem after the two companies agreed to merge in a stock transaction valued at as much as £3.2bn.

The FTSE 100 Index climbed 23.8 points, or 0.4%, to 5501.5 at its close a short while ago. Boots, owner of the largest UK drugstore chain, jumped 24.5p, or 4%, to 633p. Meanwhile, Alliance Unichem, Europe's second-biggest drug distributor, advanced 8.5p, or 1%, to a record 875p. Shares of companies reliant on US sales, such as Wolseley and GlaxoSmithKline, climbed as the dollar rose to a two-month high against the British pound. Wolseley, the world's biggest distributor of plumbing and heating equipment, gained 3.4% to 1,240p. The company made almost half its sales in the US last year...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Woodford IM hits back at FCA's enforcement action including £46m in fines

Woodford IM hits back at FCA's enforcement action including £46m in fines

WIM said it 'strongly disagrees' with the regulator's decision

Cristian Angeloni
clock 05 August 2025 • 3 min read
Regulator bans and fines Neil Woodford and Woodford IM £46m

Regulator bans and fines Neil Woodford and Woodford IM £46m

Woodford has appealed the decision to the Upper Tribunal

Cristian Angeloni
clock 05 August 2025 • 3 min read
Darius McDermott: The line between resilience and risk

Darius McDermott: The line between resilience and risk

'Trump has, for the most part, chickened out'

Darius McDermott
clock 29 July 2025 • 5 min read