Live Markets: Banks drag while healthcare, drinks provide lift
21/06/2024 09:19
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BANKS DRAG WHILE HEALTHCARE, DRINKS PROVIDE LIFT
The STOXX 600 .STOXX is down 0.3% this morning, weighed on by construction and materials
stocks and banks, while healthcare is providing a small lift.
Britvic BVIC.L shares have soared 12.6% after the British soft drinks maker said it has
rejected a 3.11 billion pound ($3.93 billion) takeover proposal from Danish brewer Carlsberg
Group CARLb.CO .
Carlsberg shares sunk 9.2% on the news, the top faller of the index followed by
Germany-based supplier of industrial trucks Kion Group .KGX.DE off 8.5%.
The news seems to be having a readacross to the rest of the drinks sector. British tonic
make Fevertree FEVR.L is up 5.4% this morning.
Bank stocks .SX7P are down 1.1%, the worst off sector, while healthcare names .SXDP are
the best-off, up 0.3%.
It is Zealand Pharma .ZELA.CO helping out the latter, with shares rising 20% and hitting a
record on positive data from weight loss drug trials.
(Lucy Raitano)
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