London Gainers: WOS, LGEN, AZN Monday, September 28, 4:21 PM ET
Despite pre-tax losses of over 760 million pounds in the year ending July, building supplies group Wolseley saw their stock up over 11% today on about eight times normal volume after beating analyst expectations.
And, The Sunday Telegraph reported that insurer Legal & General was working to halt a takeover from Resolution plc, a UK insurance company. Investors seemed to like the news, as Legal & General's stock closed up over five and a quarter percent today.
Drugmaker AstraZeneca saw their stock higher today in London after a United States court of appeals held the decision in AstraZeneca's (NYSE:AZN) infringement claim against Teva (NASDAQ:TEVA) and Sandoz. Additionally, there have been rumors of a possible bid for AstraZeneca which is adding fuel to the fire. AZN Shares are up almost 3% today.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
