As a result, the FTSE 100 rose amid an oil price rally following comments by the energy minister of OPEC-member United Arab Emirates which sparked hopes of a coordinated production cut, lifting investor sentiment towards the sector.
This year its FTSE 100 (UKX) shares have fallen 16.5% from 3,700p to 3,090p, with three hedge funds taking down-bets later in January and in early February - presumably along a rationale the London housing market is over-priced.
In July, the FTSE 100 company agreed to buy Roxane from Boehringer Ingelheim for $2.65bn (�1.83bn). However, Hikma said it will now pay $535m less than originally anticipated after due diligence revealed that the unit's 2015 revenue would fall short of ...
The FTSE 100 company, which has lost almost half its market value over the past two years amid the slowdown in emerging market economies, had reported profits under the same measure of $6.5bn (�4.5bn) in the previous year.