Shire leads FTSE 100 on positive broker comment

Most equities markets in Europe were higher Wednesday, but most of the gains were slight.

The FTSE 100 was up 0.39 percent to 5,237.92 in London, but the FTSE 250 fell 0.21 percent to 9,859.95 on the session.

Drugmaker Shire (LSE: SHP) led gains on the 100, adding 2.38 percent after Deutsche Bank began coverage with a buy recommendation, while over on the 250 plastics group Filtrona (LSE: FLTR) added 13.16 percent to lead all London shares after it issued a positive outlook.

Heritage Oil (LSE: HOIL) led gains in the energy sector as it added 2.61 percent while Wellstream Holdings (LSE: WSM) was the worst performer in the sector with a decline of 2.57 percent and BP (LSE: BP) dropped another 1.46 percent.

The utilities sector was mixed, with United Utilities Group (LSE: UU) falling 3.66 percent and water utility Severn Trent (LSE: SVT) down 4.22 percent to lead declines on the 100, but Northumbrian Water Group (LSE: NWG) gained 3.46 percent to lead gains in the sector.

Both United Utilities and Severn Trent are trading ex-idend.

The real estate sector was mostly lower as Capital & Counties Properties (LSE: CAPC) led gains in the sector, adding 3.68 percent while residential property group Grainger (LSE: GRI) turned in the worst performance …

Read the original article at Financemarkets

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