Home news AstraZeneca leads FTSE 100 lower

AstraZeneca leads FTSE 100 lower


Shares in drugs giant AstraZeneca have fallen following a report that its chief executive, Pascal Soriot, is to leave to company to join Israel-based Teva Pharmaceutical Industries.The report, on the Calcalist financial news website, pushed AstraZeneca’s share price down 3.7% in early trade.That made it the biggest faller on the FTSE 100, with the index down 7.45 points at 7,409.48.Shares in Babcock International rose 2.7% after an upbeat trading update.The defence contractor said the financial year had started well, with trading in line with expectations.Outside the FTSE 100, shares in Game Digital jumped 15% after Mike Ashley’s Sports Direct announced it had bought a 26% stake in the company.On the currency markets, the pound rose 0.4% against the dollar to $1.2943, and was 0.2% higher against the euro at 1.1318 euros.
Source: BBC