LONDON FTSE 100 index advanced on Wednesday, with Hikma Pharmaceuticals leading the market higher on positive broker comments and GlaxoSmithKline gaining after reporting a lower-than-expected fall in quarterly earnings.
GlaxoSmithKline's sales in China fell 14% in the latest quarter. Photograph: Peter Parks/AFP/Getty Images. Julia Kollewe. Wednesday 29 July 2015 11.03 EDT Last modified on Wednesday 29 July 2015 12.40 EDT.
LONDON New Bank of England policymaker Gertjan Vlieghe will retain a financial interest in one of the world's biggest hedge fund firms while he sets interest rates, an arrangement which Britain's finance ministry said posed no conflict of interest.
Sky has waded into the debate over the future of the BBC, calling for it to be less controlling over how its programmes are served up by pay-TV operators.
A surge in overdraft repayments by larger companies pushed down sharply the value of outstanding loans to non-financial businesses in June.