The benchmark FTSE 100 is currently down about 4 points to 4,287 after UK stocks fell this morning, ...
The benchmark FTSE 100 is currently down about 4 points to 4,287 after UK stocks fell this morning, paced by losses made by GlaxoSmithKline.
The largest drugmaker in Europe dropped 15p to 1,260p after Canadian competitor Apotex released a new antidepressant drug similar to Glaxo's version.
Rexam, the world's largest maker of beverage cans, also shed 6.25p to 406p.
Artisan gained 0.63p to 4p. The homebuilder and officer developer announced that business in the first half beat the year-earlier period and it now predicts to resume dividend payments after boosting profitability.
Boosey & Hawkes rose 22.5p to 192.5p. Regent Street Music Ltd. said it agreed to acquire the music publisher for £40.1m in cash. Regent offered 195p a share in cash for the company.
Meanwhile, Thorntons, the chocolate maker, fell 2p to 117.5p after the company said net income was slightly down in fiscal 2003 as the heat wave hurt sales around Father's Day.
In Asia, Tokyo's Nikkei 225 index advanced 238.28 points to 10,922.04 earlier today, while Hong Kong's Hang Seng declined 52.04 points to 11,113.24.
Across the Atlantic, trading ended up yesterday as the Dow Jones Industrial Average index gained 82.95 points to 9,586.29 by the close.
The S&P 500 index ended up 10.25 points to 1,031.64, and Nasdaq's Composite index also ended up 30.38 points to 1,888.62.
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