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GlaxoSmithKline leads pharmaceutical shares higher on swine flu outbreak. Pharmaceutical shares rose and airline stocks fell on Monday morning on fears an outbreak of swine flu that has claimed up to 80 lives in Mexico will spread.
Glaxo and AstraZeneca shares both rose 2pc in the first hour after the market opened in London.
During the panic about Asian bird flu in 2005 and 2006, airline, hotel groups, insurers and oil companies stocks fell heavily, while shares in drug, healthcare and cleaning product businesses soared.