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Sorted And The City: Pace quickens.

Byline: Andrew Penman, Michael Greenwood & Guy Dennis

WALL Street opened strongly yesterday, helping the FTSE to rise. But there was very little trading going on as the City wandered back to work after Easter.

"Volumes are absolutely dead," said one trader. "I think a lot of people are continuing the Easter holiday."

Pace Micro gained 6p to 35.75p on speculation a bidder is about to emerge.

Drugs giant AstraZeneca was the day's big winner, adding 30p to 2243p on broker recommendations.

Banking groups Standard Chartered and HSBC lost 11.5p to 708.5p and 4p to 679p respectively on fears that SARS will hit their businesses.

And Chubb lost 8.5p to 73.5p after a profit warning.
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Title Annotation:Business
Publication:The Mirror (London, England)
Date:Apr 23, 2003
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