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Pharma & Biotech

FIVE at FIVE: Budget sends FTSE 100 higher, L&G misses, AstraZeneca invests and Issas split

1. Spring Budget tax cuts leave few surprised

Hunt’s statement included much of what was already expected, with national insurance cuts key.

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2. L&G results miss the mark despite bumper retirement profits

Analysts weren't all that impressed despite pension-based profits jumping 10%.

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3. AstraZeneca to invest £650mln in UK life sciences

Also announced in the budget was AstraZeneca's plans to develop a new facility in Liverpool.

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4. FTSE 100 reacts warmly to Chancellor's update

London's lead index closed close to...

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5. Issa not looking good for billionaire bros

Zuber Issa, the Asda owner, is set to buy his brother out of parts of their petrol station business EG Group.

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