British pharmaceutical giant GlaxoSmithKline on Monday announced a five-year investment programme for sub-Saharan Africa to fuel the company’s growth and to serve an area with “pressing health needs”. GSK will invest up to £130 million ($216 million…
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Britain’s energy regulator will refer the “big six” suppliers for investigation by the competition watchdog under plans announced Thursday which could see the major industry players broken up. Ofgem said the move would reassure consumers amid mounting…
British consumers increased retail spending by 1.7 percent in February from the level in January when they fell more than first thought because of bad weather, official data showed on Thursday. Retail sales, an important indicator of household confidence…
London equities fell at the start of trading on Thursday following losses on Wall Street as traders remain on edge over the Crimea crisis. The benchmark FTSE 100 index dropped 0.44 percent to 6,576.05 points in early deals compared with Wednesday’s…
US stocks Tuesday finished higher as biotechnology companies and other high-tech equities steadied following a two-day skid. The Dow Jones Industrial Average gained 91.19 (0.56 percent) to 16,367.88. The broad-based S&P 500 rose 8.18 (0.44 percent)…
Brazil must convince markets that it can grow its economy while also slash spending and curtail inflation, analysts said after the country’s credit rating sunk to near junk status. The Central Bank said Brazil would respond “robustly” to global economic…
The one-time star electric carmaker Fisker Automotive said Monday it sold “substantially all” of its assets to the Chinese auto parts group Wanxiang for $150 million. The news came after last year’s bankruptcy filing by Fisker, whose sleek, sporty electric…
Oil prices diverged Monday as dealers digested news that Chinese manufacturing activity shrank in March to an eight-month low, stoking demand concerns in the world’s biggest energy consuming nation. In late afternoon deals, Brent North Sea crude for…
London shares ended slightly lower on Monday, with mining stocks weighing on the benchmark FTSE index after fresh data provided further evidence of a cooling Chinese economy. The FTSE closed 36.78 points — or 0.56 percent — down at 6,520.39 points…
Chinese manufacturing activity contracted in March to its weakest rate in eight months, data showed Monday, the latest indication of slowing growth in the world’s number two economy. The data is the latest in a string of weak indicators out of Beijing…