Bernstein trims AstraZeneca target price
Bernstein cut its target price on AstraZeneca to 198 pounds from 200 pounds and kept a positive view on the drugmaker’s pipeline. Shares were up 1% at 120.80 pounds.
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Pennon Group to Raise More From Rights Issue Than Expected — Market Talk
Pennon Group's equity raise was higher than expected, RBC Capital Markets' Alexander Wheeler and Ziyad Jasimuddin write. The owner of South West Water said it would raise around 550 million pounds via a fully underwritten rights issue. A softening of return guidance and a proposed sale of PNN Power…