AstraZeneca drug reduces lung cancer death risk, shares rise
Indivior jumps on U.S. Suboxone lawsuit settlement
ASOS shares soar on report of 1.2 bln takeover deal
FTSE 100 up 0.6, FTSE 250 adds 0.7

June 5 Reuters UK39;s FTSE indexes rose on Monday to more than oneweek highs, boosted by energy stocks after top oil exporter Saudi Arabia pledged to cut supplies, while ASOS looked set to post its best day in nearly five months following a takeover offer.

The resourcesheavy FTSE 100 climbed 0.6, hitting its highest since May 24. Energy stocks jumped 1.2 as oil prices advanced on Saudi Arabia39;s plan to deepen output cuts from July.

The midcap FTSE 250 rose 0.7 to hit its highest since May 23, aided by a 13.2 surge in ASOS PLC after a report said Alibaba backed Turkish retailer Trendyol made a 1 billion pound 1.24 bln takeover bid for the company. ASOS also helped the broader retail sector climb 0.6.

If you look at the market cap of ASOS, it stands at less than 500 million pounds, and the deal values ASOS more than double its current price, said Christopher Peters, trading floor manager at Accendo Markets.

From an investor point of view, if the bid is as big as it seems, it is exciting, said Peters, adding that the deal was speculation at the moment.

UKlisted shares of Indivior Plc surged 9.8 after the U.S. drugmaker said it had agreed to settle a lawsuit accusing it of illegally suppressing generic competition for its opioid addiction treatment Suboxone….