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(Adds GSK declining to comment, UK Serious Fraud Office) By Adam Jourdan and Kazunori Takada SHANGHAI, May 15 (Reuters) - GlaxoSmithKline Plc executive Mark Reilly had little inkling he would be charged with leading a network of corruption in China's pharmaceutical industry, two sour
Read moreBy Adam Jourdan and Kazunori Takada SHANGHAI, May 15 (Reuters) - GlaxoSmithKline Plc executive Mark Reilly had little inkling he would be charged with leading a network of corruption in China's pharmaceutical industry, two sources with ties to the businessman and knowledge of the investiga
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LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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TRADERS: GOLDMAN CUTS VODAFONE TO 'NEUTRAL' ('BUY')
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UBS CUTS VODAFONE PRICE TARGET TO 255 (275) PENCE -
LONDON (Alliance News) - Shares have opened marginally higher in London Thursday amid a flurry of UK corporate news and European economic statistics.
Electronics retailer Dixons Retail and mobile phone retailer Carphone Warehouse confirmed they will
May 14 (Reuters) - Pernix Therapeutics Holdings Inc said it would buy the U.S. marketing rights for a migraine treatment developed by GlaxoSmithKline Plc and Pozen Inc for an upfront payment of $250 million. Pernix's shares jumped as much as 42.5 percent in early trading on the Nasdaq.Read more
* Two Chinese execs also charged with bribery-Xinhua * Charges seen harsher than expected * Most high profile foreign bribery scandal since 2009 (Updates share price, adds context) By Megha Rajagopalan and Kazunori Takada BEIJING/SHANGHAI, May 14 (Reuters) - Chinese poli
Read moreLONDON (Alliance News) - ITV said Wednesday that first quarter revenue rose thanks to a continued recovery in advertising revenue, and said it expects to get a further boost from its coverage of the football World Cup in June as well as the launch of new TV channels.
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- ITV leads fallers after underwhelming Q1 - Markets pull back from highest level since 1999 - BoE strikes dovish tone in Inflation Report - Compass, Mondi rise strongly after updates techMARK 2,797.20 -0.25% FTSE 100 6,862.96 -0.15% FTSE 250 16,008.81 -0.19% UK stocks were in negative territory o
Read moreLONDON (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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Compass Group, up 3.7%. The food and support services company has jumped to the top of the t
(Repeat for additional subscribers) May 14 (Reuters) - (The following statement was released by the rating agency) Three main themes have emerged from the recent spate of major pharmaceutical M&A, Fitch Ratings says. These are the quest for scale in consumer healthcare, the need to
Read moreLONDON (Alliance News) - The following is a summary of top news stories Wednesday.
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COMPANIES
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UK television company ITV PLC reported higher revenue for the first quarter of 2014 thanks to a continued recovery in advertising revenu
Chinese authorities have accused GlaxoSmithKline's former China chief, Mark Reilly, as having ordering employees to commit bribery in order to boost drug sales. Ten months into its probe, China has for the first time made specific allegations against a GSK employee, with police having now passed th
Read more- FTSE 100 pulls back after nearing record - BoE in focus ahead of inflation report - UK employment data due out - Compass unveils 1bn-pound cash return techMARK 2,798.34 -0.21% FTSE 100 6,857.97 -0.22% FTSE 250 16,046.94 +0.05% UK stocks declined on Wednesday morning as investors took profits aft
Read moreLONDON (Alliance News) - British pharmaceuticals giant GlaxoSmithKline PLC Wednesday said it was taking allegations raised by Chinese authorities very seriously and continuing to co-operate with investigations, after the Chinese authorities accused a British Glaxo executive of ordering staff to b
Read moreLONDON, May 14 (Reuters) - British drugmaker GlaxoSmithKline , whose former China head and other colleagues have been charged with corruption by Chinese police, said on Wednesday the case was deeply concerning. Britain's biggest pharmaceuticals group said it understood the authorities had i
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