Summary
In contrast to the relatively tame performance of the index on Monday, the FTSE 100 was 50 points lower by mid-morning. This downward trend however was not to deter GlaxoSmithKline which was one of the few stocks in positive territory during the morning's trading.
It is widely anticipated that the pharmaceuticals firm will report a tough first quarter this week due to the impact of the weakening US dollar; the company reports its accounts in sterling but generates much of its revenue in the US.See the full content of this document
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Bank Upgrades Gsk From Hold to Buy
Despite this, however, Deutsche Bank said that the pate...
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