With a lead, but not an outright win, so far in the US presidential elections going to Bush, markets in Asia and Europe have been making gains this morning, with the FTSE following suit up about 24 points to 4,718 currently.
Prudential is up 11p to 421p to lead the gainers after reports it is to sell an asset – the Burlington Arcade in London – for up to £56m. AstraZenica is up 50p to 2,307p as big pharma gains from the predicted victory for Bush, which along with further gains in the Congressional and Senatorial elections for the Republican party should see less pressure on drug companies to cut costs of their products in the US market. GlaxoSmithKline is up 13p to 1,183p. Dixons is down 1p to 173p after the company warned UK retailers may have to shift operations abroad to escape strict lease agreeme...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
