HPA scientists found evidence of link between GlaxoSmithKline's Pandemrix jab and narcolepsy cases in children
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Thursday 28 April 2011
GlaxoSmithKline's sales dropped in the first quarter as revenue from flu products fell away sharply compared with last year's pandemic-linked surge.
Tuesday 26 April 2011
It may be a severely curtailed week on the markets, but there are still plenty of updates for investors to get their teeth into, including the latest figures from BP. Last week marked the one-year anniversary of the Gulf of Mexico disaster, so the oil giant will be hoping tomorrow's first-quarter results bring it some cheer.
Monday 18 April 2011
Payouts by UK companies soared to £15bn in the first three months of the year, rising by 10.3 per cent compared to the first quarter of 2010. It was the fastest quarterly growth rate since the third quarter of 2008.
Friday 15 April 2011
Elliott Advisors, the dissident Actelion shareholder which has proposed six independent directors for the Swiss biotech's board, partially welcomed the company's recent nomination of former GlaxoSmithKline boss Jean-Pierre Garnier and ex-Schering-Plough finance chief Robert Bertolini as board members.
Friday 11 March 2011
Friday 04 February 2011
Friday 04 February 2011
Outlook Just who would be chief executive of a major pharmaceuticals business? Andrew Witty, the man in the hot seat at GlaxoSmithKline, may cut a confident public figure, co-opted by the Prime Minister on to an advisory panel of business's great and good, but he also has to spend a disproportionate amount of time looking over his shoulder. For Mr Witty runs a leading company in an industry that is right in the sights of regulators worldwide.
Thursday 03 February 2011
GlaxoSmithKline stoked hopes that it might restart its share buyback programme last night after announcing the sale of its stake in Quest Diagnostics in a $1.7bn (£802m) deal.
Tuesday 01 February 2011
Monday 31 January 2011
Saturday 29 January 2011
Many column inches have been devoted to inflation and interest rates during the last couple of weeks. With inflation above target for such a long time, pressure is growing on the Bank of England to consider an interest rate rise. According to Neil Woodford, manager of Invesco Perpetual Income and High Income, two of the largest funds in the country, this would be a big mistake. He points out a high oil price of $90 a barrel has a big impact on the UK, but in the longer term it has a deflationary rather than inflationary effect. Non-discretionary inflation effectively acts as an extra tax, depressing demand. He believes an interest rate rise would be disastrous for an economy where there is little sign of wage increases and consumers are faced with utility bill rises of 25 per cent or more in the next five to seven years. I agree it is hard to see how the UK consumer would cope with higher mortgage rates on top of everything else.
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