Economics / Markets

Fears about the introduction of price controls on drugs in the US have pushed the FTSE 100 index down this morning, as such a move is likely to have an impact of the profitability of GlaxoSmithKline.

The FTSE 100 Index recovered some of its earlier losses to close down 7.50 points, or 0.1%, at 6,232 points today, with ITV the biggest riser.

The FTSE 100 index is struggling to stay afloat this morning on anticipation of a Bank of England base rate rise at noon today and results figures from BT.

THE Asia-Pacific region now has 27.1pc of the world's high net worth individuals (HNWI), according to new research.

SAM Morse will become the new manager on the £450m Fidelity MoneyBuilder Growth fund from December 1.

A NEW research programme that enables IFAs to give their views on industry issues has been launched by AEGON.

A NEW dawn is on the horizon for Chinese stocks, according to ABN Amro Asset Management.

DISCRETIONARY fund manager Morgan Stanley Quilter is believed to have been put up for sale with its owner Morgan Stanley seeking around £210m for the business.

FUND managers are becoming increasingly wary of Asian stocks as evidence mounts of a global economic slowdown, according to IMS Chief Investment Officer Giles Gilberston.

ANALYSTS have given mixed messages about the state of the US economy and whether the nation's equities are poised for fresh highs or further lows.