Business

London Market Report

  • 20 June 2014
  • From the section Business

(Close): Drugmaker Shire was the biggest riser on the London stock market after a much-anticipated hostile bid from a rival finally emerged.

Its share price soared by 17% after US company AbbVie said it had made a bid approach which Shire's board had rejected.

That helped push the benchmark FTSE 100 index up 17 points, or 0.25%, to 6,825.20.

One of the biggest losers was energy firm BG Group, which fell 1.63%.

On the currency markets, the pound fell 0.17% against the dollar to 1.7011, and was unchanged against the euro at 1.2522 euros.