European shares gain with focus on healthcare M&A, Credit Suisse slips | Malay Mail

18/1/2022 4:03:00 AM

European shares gain with focus on healthcare M&A, Credit Suisse slips | Malay Mail

European shares gain with focus on healthcare M&A, Credit Suisse slips | Malay Mail

FRANKFURT, Jan 18 ― European shares closed higher yesterday, with healthcare stocks lifted by M&A activity, while Credit Suisse slipped after its chairman quit after an internal probe into his personal conduct. The pan-European STOXX 600 index rose 0.7 per cent and healthcare stocks were up...

channel for the latest updates.FRANKFURT, Jan 18 ― European shares closed higher yesterday, with healthcare stocks lifted by M&A activity, while Credit Suisse slipped after its chairman quit after an internal probe into his personal conduct.The pan-European STOXX 600 index rose 0.7 per cent and healthcare stocks were up 1.4 per cent, after losing more than 2 per cent last week, as Britain's GlaxoSmithKline jumped 4.1 per cent.

This followed confirmation at the weekend that the British drugmaker had rejected a £50 billion (RM285.4 billion) offer from Unilever for its consumer healthcare business.Unilever shares slid 7.0 per cent to touch March 2020 lows after it signalled yesterday it would pursue the deal, which it said represented a “strong strategic fit”.

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