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Shire up on speculation of bid for US rival

Fri: Drugmaker Shire saw its shares rise on speculation that it could be lining up a bid for US rival Radius Health which is seen as a good fit for the British company.

The prospect of a deal helped lift Shire by around 3% 4,510p and the FTSE100 by 0.6% to 6,376.97.

Expectations of new stimulus measures from China added to the buoyant mood.

Burberry extended declines after revealing on Thursday that second quarter sales were hit by a slowdown in China.

 

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