Britain’s biggest drugmaker said revenues in the second quarter of the year fell from 5.81bn to 5.67bn, with sales of Avandia down 22% to 349m.
Last year Avandia was one of Glaxo’s top-selling drugs, bringing in 1.4bn - second only to the 3.3bn reaped from sales of asthma treatment Advair.
Despite the current problems with […]
Shares of the global holidays powerhouse, with revenues of almost 8bn, got off the ground yesterday following the merger of Britain’s MyTravel with German-owned rival Thomas Cook. From an opening level of 326p, they gained altitude to touch 348p and close at 333p on turnover of 6.5m shares.
The merger brings together two of the […]
Semel quit last night after attracting increasing investor wrath as Yahoo lags behind arch-rival by almost all measures.
But despite Semel falling on his sword, Yahoo investors were warned of a tough quarter as slower growth in display advertising offsets a strong performance from its recently upgraded search advertising business.
Semel will remain with […]
Unconditional trading of the price comparison website is expected to begin on Monday, and a price range of between 170p and 210p has been set.
However, Cantor Index says trading on the ‘grey market’ is in the 171p to 178p range. The grey market is an unofficial market where new issues of shares are bought […]
Spreadbetters IG Index expect the FTSE 100 index to open about 31 points higher today at 6671.
The UK blue-chip index closed 61.6 points firmer on Friday at 6640.9, its highest close since September 2000.
Fiday on Wall Street, the Dow Jones closed 79.8 points higher at 13,556.5, its 24th record close this year, fuelled […]