News

Sector movers: Miners in a hole

28 November 2008 11:40:00

Miners are dominating the fallers Friday as copper prices fall further, with Kazakhmys, Xstrata, Antofagasta and Anglo American the worst performers in London.

But Pharmaceuticals & Biotechnology are on a high despite accusations from the European Commission that drug firms are blocking or delaying the entry of cheaper generic medicines into the EU. GlaxoSmithKline was up over 4% at lunchtime.

Drug companies claim measures to stop rivals, including legal action and multiple patents, are "perfectly lawful" and justified to protect investment in research and development.

There have also been gains for Food Producers & Processors. Sugar giant Tate & Lyle has appointed Sir Peter Gershon as chairman-elect. He'll become a director from next February and succeed current chairman Sir David Lees by the end of 2009.

Top performing sectors so far today
Pharmaceuticals & Biotechnology 7,341.52 +3.28%
Health Care Equipment & Services 2,621.59 +2.90%
Industrial Transportation 1,338.53 +1.92%
Food Producers & Processors 3,630.64 +1.84%
Media 2,448.40 +1.47%

Bottom performing sectors so far today
Mining 10,301.64 -2.95%
Food & Drug Retailers 3,520.48 -2.49%
Insurance (non-life) 1,327.03 -2.05%
Fixed Line Telecommunications 1,913.30 -1.99%
General Financial 3,740.88 -1.97%

All data suppied by Digital Look (15 minute delay)




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