Edition:
United Kingdom

Justin George Varghese

GSK recalls popular heartburn drug Zantac globally after cancer scare

09 Oct 2019

GlaxoSmithKline on Tuesday said it is recalling the popular heartburn medicine Zantac in all markets as a "precaution", days after the U.S. Food and Drug Administration found "unacceptable" levels of probable cancer-causing impurity in the drug. | Video

Confident Melrose hikes dividend as profit rise lifts shares

05 Sep 2019

Melrose Industries Plc flagged its confidence in meeting full-year forecasts on Thursday as the turnaround specialist reported a better-than-expected first-half profit, despite weakness in its automotive business.

UPDATE 2-Ferguson to split off UK arm, new CEO to focus on U.S.

03 Sep 2019

* Shares rise as much as 3.7% to highest in almost a year (Adds shares, analyst comments, context on performance)

Recruiter Hays sees tougher conditions in UK, Germany, shares slide

29 Aug 2019

Hays Plc is seeing increasing signs of weakening business confidence in Germany and Britain, the recruiter said on Thursday, sending its shares down as much as 5% despite posting higher annual net fees.

AstraZeneca respiratory business gets boost from three-drug inhaler results

28 Aug 2019

Prospects for AstraZeneca's respiratory treatments business improved on Wednesday as a three-drug inhaler was shown to ease smoker's lung and U.S. regulators granted its injectable asthma drug Fasenra special status for a rare lung condition.

G4S open to offers for cash business after split approved

09 Aug 2019

G4S will look at offers for all or part of its cash transport business after its board approved hiving it off into a separate company in the first half of 2020.

Sirius Minerals suspends crucial $500 million bond sale, shares plunge

06 Aug 2019

Sirius Minerals Plc has suspended a planned $500 million bond sale that is central to the funding of its polyhalite mining project in northern England, sending shares in the fertiliser maker down more than 30%.

UPDATE 2-Pets at Home sees upbeat profit as demand for pet food, vet services rise

02 Aug 2019

* Retail sales up ~9%, vet revenue ~19% (Adds context on wider retail sector, analyst comments, shares)

De La Rue shares dive on UK fraud office corruption probe

23 Jul 2019

The UK Serious Fraud Office (SFO) has opened a criminal investigation into passport and banknote printer De La Rue over "suspected corruption" in its business in South Sudan, sending its shares plunging to 16-year lows.

British manager Woodford's flagship fund to remain suspended

02 Jul 2019

LONDON British fund manager Neil Woodford will keep his flagship 3.7 billion pound fund frozen for a second month running, leaving hundreds of thousands of small savers without access to their money.

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