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CSRTThu, 23rd Aug 2018 17:32
LONDON (Alliance News) - Consort Medical PLC said Thursday that Schroders PLC decreased its stake in the drug and delivery device manufacturer to below 5% after a transaction on Wednesday.
Schroders' holding after the deal was below 5% of shares. Prior to the transaction, Schroders held a 9.5% stake in the company.
Shares in Consort Medical closed down 2.3% at 1,120.00 pence per share on Thursday.
A massive cash return by Glaxosmithkline gave the wider sector a lift on Wednesday, with defensive healthcare and pharmaceutical stocks also benefiting from a reduction in risk appetite as UK markets pulled back from a five-month high. Sales, profits and earnings slumped during the fourth quarter of
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