22 February 2021 | 08:36am
StockMarketWire.com - UK stocks opened lower on Monday as rising US bond yields and inflation fears tempered Covid vaccine optimism.
At 0824, the benchmark FTSE 100 index was down 56.45 points, or 0.9%, at 6,567.57.
Security group G4S slumped 9.7% to 242.8p after private equity firm GardaWorld said it wouldn t raise its 235p offer for the company, cooling hopes of a bidding war.
G4S had rejected GardaWorld s offer in favour of 245p bid from Allied Universal.
Pharmaceutical giant AstraZeneca added 0.2% to £72.39 even after it said it was withdrawing a bladder cancer drug in the US after it failed to meet post-marketing requirements in a clinical study.