Drugs make the FTSE stumble

clock

The benchmark FTSE 100 index has so far lost 10 points to 4,492 after UK stocks dropped, paced by drugmakers AstraZeneca and GlaxoSmithKline.

AstraZeneca fell 33p to 2,526p after a letter from US consumer watchdog Public Citizen said the drugmaker's Crestor cholesterol treatment is dangerous and should be removed from the market. GlaxoSmithKline also lost 12p to 1,158p after Citigroup cut its recommendation for the drugmaker’s shares to “hold” from “buy”. In Asia, Tokyo's Nikkei 225 index gained 36.25 points to 11,780.40 earlier today, and Hong Kong's Hang Seng rose 21.84 points to 12,185.52. On Wall Street, trading ended down Thursday as the Dow Jones Industrial Average index lost 35.76 points to 10,443.81 by the close....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Inflation protection not front of mind for financial advisers

Inflation protection not front of mind for financial advisers

Titan Square Mile report suggests

Jen Frost
clock 04 November 2025 • 3 min read
Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read
Why investors need to think about emerging markets a little differently

Why investors need to think about emerging markets a little differently

'Emerging markets are starting to look eerily similar to developed'

James Flintoft
clock 29 October 2025 • 3 min read