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LONDON — Shares of British pharmaceuticals giant GSK plunged 9% Monday, after a U.S. court ruled that scientific evidence could be presented as a stack of lawsuits relating to the discontinued heartburn drug Zantac move forward.
Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did not sway market bets of an interest rate cut from the European Central Bank next week.
LONDON — European Central Bank Governing Council member Klaas Knot said it would "soon" be time to ease monetary policy in the region, but cautioned that the process would need to be done slowly to keep inflation in check.
This is CNBC's live blog covering European markets. See the latest updates below.
LONDON — The U.K. is less than six weeks away from a General Election in which polls suggest the center-left Labour Party could return to power after 14 years — and analysts say stock markets would react positively to that outcome.
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.
LONDON — The former chief executive of Britain's Post Office, Paula Vennells, on Wednesday apologized for the scandal that led to the wrongful prosecution of hundreds of sub-postmasters who ran the institution's local branches.
LONDON — U.K. inflation came in hotter than expected with a drop to 2.3% in April, the Office for National Statistics said Wednesday, prompting traders to pull back from bets on a June interest rate cut from the British central bank.