Market Pulse
CMA fines GlaxoSmithKline £38m for generics delay scam
The UK competition watchdog has fined GlaxoSmithKline for making illegal payments to rivals that delayed the launch of potentially cheaper generic medicine, potentially costing the NHS many millions.
German fourth quarter GDP in line with expectations
Gross domestic product in Germany grew 0. 3% in the fourth quarter, in line with the previous quarter and economists’ expectations, according to data from Destatis.
Segro confirms discussions with Roxhill Developments
Segro has confirmed speculation it is in discussions with Roxhill Developments over a possible arrangement.
Millennium & Copthorne says impairment charges will dent 2015 profit
Millennium & Copthorne Hotels, which is due to release its full year results next Friday, expects to recognise a net charge of around £43m against pre-tax profits for 2015.
Hammerson enters joint venture over Grand Central ownership
Hammerson has entered into a joint venture with Canadian Pension Plan Investment Board over the ownership of the newly acquired Grand Central shopping centre.
London pre-open: Stocks seen higher following heavy losses; Rolls-Royce in focus
London stocks are expected to open higher on Friday, rebounding from the previous day’s heavy losses.
New JD Sports director to support global expansion
JD Sports Fashion's global expansion plans were boosted on Friday, with the appointment of Andy Rubin to the group's board as a non-executive director.
Friday newspaper round-up: SuperGroup, Google, Sainsbury's, Barclays
Jamie Dimon has tried to put out a fire in financials stocks, spending more than $26m to buy half a million shares in JPMorgan Chase, the bank he has run for a decade. The purchase — confirmed in a filing on Thursday evening — is the first big open-market purchase Mr Dimon has made since the “London Whale” scandal four years ago, when the bank’s shares were knocked by the disclosure that a trading desk had racked up billions of dollars of losses. – Financial Times .