MARKET REPORT: AstraZeneca reveal healthy boost to share prices
DRUGS giant AstraZeneca was 22½p healthier at 4390p as it announced plans to invest about $285million in a new high-tech facility for manufacturing of biological medicines in Sweden.
Drug company AstraZeneca have seen an increase in their share prices
Lloyds Banking Group was ¾p in the red at 88¼p as Investec cut its rating from hold to sell, while satellite operator Inmarsat fell 28½p to 967p after delaying the launch of its third Global Xpress satellite following a rocket failure in Kazakhstan.
Sensor systems provider Transense Technologies inflated 0.53p to 1.95p after a memorandum of understanding with GE to develop new applications for its core technology, while a contract win with Japan’s Brother Industries lifted software outfit Fusionex 17½p to 357½p.
Low-cost African airline Fastjet flew 1p higher to 117½p as it revealed plans to increase its fleet and add more routes, while bid hopes lifted engineering software group Aveva 165p to 2000p.
Coal of Africa was fired up 1.93p to 6.6p after receiving a mining right from South African authorities for its Makhado hard coking and thermal coal project in Limpopo Province.