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FTSE 100 in the red; Stronger start for US stocks

FTSE 100 in the red - just - while AstraZeneca PLC slips as EU court case begins

President Energy PLC boosted by update from Argentinian wells

PureTech Health lifted after associate receives funding for its digital therapeutics product A look at the major movers on the London market on Wednesday It has been a busy day in the healthcare world. Vectura Group PLC (LON:VEC) has jumped 32.79% to 162p after the company, which is developing an inhaled treatment for COVID-19, backed  a £958mln or 155p a share takeover offer from private equity group Carlyle. Meanwhile Spire Heatlhcare Group (LON:SPI) is being bought by Australia s Ramsay Health Care Ltd (ASX:RHC) for £999mln or 240p a share. The private hospital group has added 26.17% to 243.5p. Mediclinic PLC (LON:MDC), which holds a 29.9% interest in Spire, said it would vote in favour of the offer. With Mediclinic also reporting full year results which showed revenues down 3% and earnings down 21% but forecasting growth this year, its shares are up 6.29% at 327.8p.

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