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Stock impact report

London stocks flat; set for second consecutive weekly decline [Reuters]

LEGAL&GENL GRP PLC S/ADR (LGGNY) 
NASDAQ:AMEX Investor Relations: merriam-webster.com/dictionary/legal
Company Research Source: Reuters
biotechnology stocks was offset by the losses in insurer Legal & General and specialty chemicals maker Victrex. The blue-chip FTSE 100 (.FTSE) , opens new tab climbed 0.1% by 08:24 GMT, while the midcap FTSE 250 (.FTMC) , opens new tab was flat. Pharma and biotech shares (.FTNMX201030) , opens new tab led the gains among sectors, rising 1.1%, after dropping more than 4.4% on Thursday, dragged down by weak results from drugmaker AstraZeneca (AZN.L) , opens new tab Legal & General (LGEN.L) , opens new tab dropped 2.7% to the bottom of the FTSE 100 index, after Citigroup cut its price target on the insurer's stock. The broader life insurance index (.FTNMX303010) , opens new tab shed 1.2%. The chemicals index (.FTNMX552010) , opens new tab lost 1.4% after Victrex (VCTX.L) , opens new tab tumbled 5.1% to the bottom of FTSE 250 on reporting lower first-quarter revenue. Tesco (TSCO.L) , opens new tab said it would sell most of its banking operations to lender Barclays (BARC.L) , Show less Read more
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