(RTTNews) – U.K. stocks are up firmly in positive territory about an hour past noon on Wednesday, with pharma stocks figuring prominently in the list of gainers following Pfizer reaching a deal with the U.S. government to lower prescription drug prices in exchange for tariff relief.
The benchmark FTSE 100 was up 60.06 points or 0.65% at 9,410.49 nearly an hour past noon.
AstraZeneca Pharma, Hikma Pharmaceuticals and GSK are up 6.3%, 3.5% and 2.75%, respectively.
JD Sports Fashion is gaining nearly 4%. Intertek Group, Croda International, Burberry Group, Antofagasta, Melrose Industries, Spirax Group, Centrica, Standard Chartered, Shell, Glencore, DCC. Associated British Foods, Schroders, Pearson and 3i Group are up 1 to 2%.
Babcock International is down 2.7%. Howden Joinery, Tesco, Imperial Brands, Coca-Cola HBC, Experian, Auto Trader Group, Relx, BAE Systems, Rolls-Royce Holdings,…
