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- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreLittle change is expected amongst the blue chips this morning, ahead of the release of both German unemployment and Eurozone consumer confidence data, which come amid growing concerns over the stagnant recovery in the euro-area. City sources predict the FTSE 100 will open around three points higher
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BEIJING, 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 and sprucing up overloaded public services. China is an appealing market fo
Read moreBank of England Governor Mark Carney said Tuesday the misdeeds of the financial sector risk undermining public support for free markets and called on bankers to radically improve their behaviour, a sign of simmering frustration in policy circles over a string of misdemeanours. In a forthright speech
Read moreLONDON, May 28 (Reuters) - Shares in GlaxoSmithKline fell 1.2 percent in early trading on Wednesday, following news that Britain's Serious Fraud Office had opened a criminal investigation into the drugmaker's commercial practices. (Reporting by Ben Hirschler)
Read moreThe Serious Fraud Office (SFO) has opened a criminal investigation into the 'commercial practices' of pharmaceutical group GlaxoSmithKline (GSK). The UK fraud body called on whistleblowers to come forward with any information. "We welcome approaches from anyone with inside information on all our ca
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LONDON (Alliance News) - GlaxoSmithKline PLC said late Tuesday that it is under criminal investigation by the UK's Serious Fraud Office following a series of bribery allegations. The FTSE 100-listed drugs giant confirmed that the SFO has opened a "formal criminal investigation" into its com
Read moreBy Adam Jourdan SHANGHAI, May 27 (Reuters) - China's eastern city of Hangzhou is cracking down on graft in the healthcare sector, according to an internal memo from the local government, putting more pressure on global drugmakers operating in the country. Earlier this month, China cha
Read more(Adds video link. No changes to text.) By Adam Jourdan SHANGHAI, May 25 (Reuters) - A crackdown on corruption and pricing in China's fast-growing pharmaceutical market has squeezed profits and margins, raising a red flag to global Big Pharma that the days of easy growth in the country
Read more(Repeats article first published on Sunday. No changes to text.) By Adam Jourdan SHANGHAI, May 25 (Reuters) - A crackdown on corruption and pricing in China's fast-growing pharmaceutical market has squeezed profits and margins, raising a red flag to global Big Pharma that the days of
Read moreBy Adam Jourdan SHANGHAI, May 25 (Reuters) - A crackdown on corruption and pricing in China's fast-growing pharmaceutical market has squeezed profits and margins, raising a red flag to global Big Pharma that the days of easy growth in the country may be over. A Reuters' analysis of mo
Read more* Mizkan Group looks to counter slowing domestic growth * All-cash deal values sauce business at 3.6 times sales * Unilever restructuring close to completion (Writes through, adds context, analyst comment) By Martinne Geller and Paul Sandle LONDON, May 22 (Reuters) - Miz
Read more* Swiss drugmaker says specific details unclear * China cracking down on wider pharma sector (Adds comment from SAIC, updates shares) By Adam Jourdan and Caroline Copley SHANGHAI/ZURICH, May 22 (Reuters) - Swiss drugmaker Roche Holding AG said it had been visited by a unit of
Read moreSHANGHAI/ZURICH, May 22 (Reuters) - Swiss drugmaker Roche Holding AG said on Thursday it had been visited by a unit of China's anti-trust regulator, amid increasing scrutiny over business practices in the pharmaceutical sector in the country. "We understand that a local government unit in H
Read more* Money would fund GAVI's programmes from 2016 to 2020 * GAVI works with drugmakers to cut vaccine costs for poor * 1.5 mln children a year die of vaccine-preventable disease (Updates with pledge from European Union, price freeze from GSK) By Kate Kelland LONDON, May 20
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