The London market rose for the second session in a row today as Barclays led a series of blue-chip firms reporting strong corporate results.
Gold prices spiked higher Wednesday after the Federal Reserve sowed doubts about a potential interest-rate increase in September, citing stubbornly low inflation as a concern.
LONDON Drugmaker GlaxoSmithKline, which was fined a record 3 billion yuan ($483 million) for corruption in China last year and is examining possible staff misconduct elsewhere, faces new allegations of bribery in Romania.
... * Vlieghe to retain interest in Brevan Howard hedge fund. * Finance ministry sees no conflict of interest. * Vlieghe barred from contact with former colleagues.
The Financial Conduct Authority's director of supervision, Tracey McDermott, says: 'Firms should have in place systems to manage the risks posed by benchmark activities.