Banks and pharmaceutical companies lead in London, while Synairgen, Morses shares tumble

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London stocks were under pressure on Monday, as investors got whipsawed by updates on the Ukraine-Russia crisis. Syanirgen and Morses were big movers to the...

The week kicked off with losses for London on Monday, as an increasingly downbeat geopolitical mood driving the U.K. index lower.

French... The week kicked off with losses for London on Monday, as an increasingly downbeat geopolitical mood driving the U.K. index lower. French President Emmanuel Macron has been trying to broker face to face talks for Thursday, which the U.S. agreed to, and those reports drove up U.S. futures and global equities earlier Monday. But optimism faded by Monday afternoon in Europe after a Kremlin spokesman said nothing had been decided.

AstraZeneca AZN AZN was the best performer on the index, up 2% after the pharmaceutical giant reported positive Phase 3 trial results for its breast-cancer treatment Enhertu, which showed meaningful survival improvement in patients compared with chemotherapy.The downside was led by major oil companies, as energy prices CL00 BRN00 bounced around on Ukraine headlines, with BP BP BP and Shell SHEL SHEL off by around 1% each.

 

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