Drugs legal settlement boosts FTSE

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In London, markets rose in early trading to wipe out much of yesterday's losses and the FTSE 100 added 55.1 points (0.94%) to 5,886.7.

AstraZeneca shares made major gains after a legal settlement to protect its top-selling drug, up 210p (10.6%) to £21.91. BG Group followed with a gain of 59 points (4.83%) to £12.81 after the finding of a major oil field in Brazil. Carphone Warehouse lost 23 points (8.63%) to 243.5p after reporting mixed trading results and Home Retail dropped 6.75p (2.71%) to 242.5p. On Wall Street, markets ended the day slightly down, a relief to traders after major losses were experienced last week, and the Dow Jones dropped 23.36 points (0.19%) to 12,302.06. Exxon Mobil shares climbed 1.08 (1.22%) to...

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