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FTSE 100 edges up on AstraZeneca boost

Published 20/08/2019, 08:27
© Reuters.  FTSE 100 edges up on AstraZeneca boost
UK100
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AZN
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BHPB
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100, FTSE 250 up 0.2%

* AstraZeneca up 1.5% as diabetes drug meets study goals

* BHP down after warning on demand

Aug 20 (Reuters) - London's FTSE 100 inched higher in early

deals on Tuesday, as AstraZeneca advanced after its diabetes

drug Farxiga met the main goal of a heart failure study,

offsetting a post-earnings drop for miner BHP.

The FTSE 100 .FTSE added 0.2%, tracking gains in other

major stock markets overnight as hopes grew of fresh stimulus

from central banks and governments to beat back the risk of

recession. The mid-cap FTSE 250 .FTMC also gained 0.2% by 0709

AstraZeneca AZN.L rose 1.5% and was the biggest boost to

the blue-chip index after the results of the Farxiga study.

Shares in mining heavyweight BHP BHPB.L shed 2% as a

warning that global economic headwinds could hit demand for iron

ore and copper took the shine off its largest annual profit in

five years.

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