European Markets Like Pharma Industry’s Medicine, Even as Oil Infects Mood in London

European markets rebound on merger activity in the pharma industry and activity in the airline world. Swiss pharma company Roche Holdings agrees to pay $1.03 billion for control of Cambridge Mass.-based Foundations Medicine Inc. Shire also agrees to buy a U.S. company, NPS Pharmaceuticals opf Bedminster, NJ for $5.2 billion. London held back by oil industry woes. Afren disappointed by its field in Iraqi Kurdistan. Irish airline Aer Lingus rebuffs offer from International Consolidated Airlines Group. Hong Kong is impressed with Li Ka-shing’s reorganisationn of his big holding companies.