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Security stocks up after London attack Moves to improve transport security seen aiding sector By Ciara Linnane, MarketWatch Last Update: 11:49 AM ET July 7, 2005 E-mail it | Print | Alert | Reprint |
NEW YORK (MarketWatch) -- Shares of security technology companies rallied Thursday after a series of explosions in central London killed several dozen people and injured hundreds more.
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U.K. Prime Minister Tony Blair described the blasts as a terror attack. The BBC reported that al-Qaida has taken responsibility for the blasts -- three in London's subway and one on a bus.
Blair, speaking from the Group of Eight summit meeting in Scotland, said the attacks were designed to coincide with that event, calling them "barbaric" when people were meeting to help Africa.
In New York, Digital Recorders (TBUS: news, chart, profile) , which makes mass transit-related surveillance equipment, added 22.9% to stand lately at $2.74.
Ipix (IPIX: news, chart, profile) , which makes surveillance devices, rose 24% to $3.40, while explosive detection equipment-maker Isonics (ISON: news, chart, profile) gained 13.9% to $3.45.
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