FTSE back on track

GlaxoSmithKline shares have risen after the US Food and Drug Administration paved the way for two disputed drugs to return to market. In afternoon trade, GSK shares were up 81p or 6.5% at 1322p. Investors were also buoyed by a 17% increase in first-quarter profit. Oil prices carried on falling today, after plunging nearly 5% the previous day, their biggest one-day fall this year. Unexpectedly strong US stock piles triggered the price falls, easing fears of summertime shortages when Americans take to the roads in greater numbers. Shell has reported a 28% increase in first-quart...