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London's FTSE 100 falls as drugmaker AstraZeneca drops 6.2% over merger reports

3 August 2026 · in 80 words

London's FTSE 100 falls as drugmaker AstraZeneca drops 6.2% over merger reports

The blue-chip index slipped 0.10% on Monday, with the drugmaker becoming the top decliner as investors questioned the prospective deal. Energy giants BP and Shell also weighed on the market as oil prices fell 5% after US strikes were delayed. In contrast, the mid-cap FTSE 250 index gained nearly 1%, boosted by housebuilding shares rising up to 6.9%.

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