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FTSE 100 movers: Glaxo tumbles on litigation worries; Entain rallies
London’s FTSE 100 was down 0. 5% at 7,471. 41 in afternoon trade on Thursday.
GSK, Haleon, Sanofi slump amid Zantac litigation woes
Shares in GlaxoSmithKline, Haleon and Sanofi tumbled on Thursday amid concerns about legal proceedings related to Glaxo’s former blockbuster heartburn drug Zantac.
London midday: Stocks edge lower as ex-divs weigh
London’s top flight index had edged lower by midday on Thursday, with ex-dividend stocks proving to be a drag.
Drax tumbles as Kwarteng questions sustainability of biomass fuel
Drax tumbled on Thursday after UK business secretary Kwasi Kwarteng said the company’s imports of US-made wood pellets to be burnt for energy wasn’t sustainable.
Marks Electrical hails strong start to year despite difficult backdrop
Marks Electrical reported a jump in revenues on Thursday as the online electricals retailer hailed "strong" trading in the four months to the end of July.
London open: FTSE underperforms European peers as ex-divs weigh
London’s top flight index was just a smidgen higher in early trade on Thursday, underperforming its European peers as ex-dividend stocks weighed.
Ladbrokes owner Entain expands into CEE; H1 revenues rise
Ladbrokes owner Entain announced a new drive to expand into Central & Eastern Europe (CEE) on Thursday and the acquisition of a Croatian sportsbook operator, as it posted a rise in first-half net gaming revenue.
Spirax-Sarco hails 'strong' first half despite headwinds
Spirax-Sarco Engineering hailed a "strong" first half on Thursday despite headwinds, as it reported a jump in profits and said order books remain at record levels.
Savills first-half revenues jump, profits decline
Real estate advisor Savills backed its full-year expectations on Thursday as it posted a jump in first-half revenues but a drop in profits.
London pre-open: Stocks seen muted ahead of US PPI
London stocks were set for a muted open on Thursday as investors eye the latest US producer price index.
Thursday newspaper round-up: Disney, Russian airlines, renters
Walt Disney edged past Netflix with a total of 221 million streaming subscribers at the end of the most recent quarter and announced it will launch a Disney+ option with advertising this December. In the just-ended quarter, Disney+ added 14. 4 million Disney+ customers, beating the consensus of 10 million expected by analysts polled by FactSet, as it released Star Wars series Obi-Wan Kenobi and Marvel’s Ms Marvel. – Guardian.