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LONDON, May 29 (Reuters) - GlaxoSmithKline has invited private equity firms to consider making offers for a range of its older drugs, according to two people with direct knowledge of the matter. The move is part of a reshaping of the drugmaker's business, which also involves a major asset s
Read more* Concern that UN agency sees e-cigarettes as "threat" * Classification as tobacco products would curb use * Scientists say e-cigarettes "part of solution" to smoking * Critics say safety uncertain, risk of fuelling addiction (Adds comment from British Lung Foundation, declara
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- Eurozone money supply weak, German unemployment rises - Markets cautious after recent highs - LSE leads financials higher - GSK to be investigated by UK fraud body techMARK 2,799.81 +0.48% FTSE 100 6,851.22 +0.09% FTSE 250 15,935.43 +0.58% UK stocks ended slightly higher after trading in a narr
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LONDON (Alliance News) - Stocks have traded in tight ranges and in relatively low volumes across the UK and Europe Wednesday, as some disappointing eurozone economic data prevented indices pushing towards their recent highs. Investors are particularly reticent to add to positions in the run
Read moreHealthcare stocks were at the top of the pile on Wednesday on the back of continued M&A activity in the sector, with UK-listed medical device maker Smith & Nephew in focus on reports of bid interest from overseas. The Financial Times reported today that US group Stryker had hired banks and was work
Read moreCantor Fitzgerald reiterated its 'sell' rating on Royal Mail, and cut its target price from 500p to 480p, pushing the stock into the bottom spot. Engineering group Weir fell after announcing it has dropped its pursuit to merge with Metso after continued rejections from the board of the Finnish riva
Read more(For more market insights, including options activity, click on ; for the Day Ahead newsletter http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stocks were little changed on Wednesday, with technicals in focus and scant key items on the
Read more* SFO opens criminal investigation into GSK and subsidiaries * Action follows bribery claims in China, 4 other countries * UK Bribery Act prohibits bribes in overseas markets * SFO probe involves "numerous" jurisdictions - source * GlaxoSmithKline shares fall 1.5 percent
Read more- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read moreLONDON (Alliance News) - Weir Group said Wednesday that it no longer intends to pursue a takeover of Metso Oyj, after the Finnish company rejected an improved offer.
GlaxoSmithKline is down after it said late Tuesday that it is under criminal invest
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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London Stock Exchange Group, up 2.3%. The group's shares have risen after it was added to a
(An item published at 1126 BST misstated the company name in the headline. The correct version follows.)
LONDON (Alliance News) - The following is a summary of top news stories Wednesday.
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COMPANIES
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Engineering firm Weir GroupRead more
LONDON (Alliance News) - The following is a summary of top news stories Wednesday. ---------- COMPANIES ---------- Engineering firm Weir Group said it no longer intends to pursue a takeover of Metso Oyj, after the Finnish company rejected an improved offer. The FTSE 100-li
Read more(Adds details, analyst comments) By Li Hui and Adam Jourdan BEIJING/SHANGHAI, May 28 (Reuters) - China will ease curbs on foreign investment in joint-venture hospitals, the government said on Wednesday, as it deepens a sweeping overhaul of its healthcare system aimed at cutting costs
Read moreLONDON (Alliance News) - UK stocks are trading mixed in low volumes Wednesday, with some disappointing eurozone data leading to investor caution ahead of the European Central Bank policy meeting next week. By mid-morning Wednesday, the FTSE 100 is down 0.1% at 6,841.81, while the FTSE 250 i
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