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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

FIVE at FIVE: Biden/Modi bromance; Ocadon’t; Siemens’ turbine warning; GSK Zantac settlement; Lloyds under scrutiny

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Biden and Modi: ‘Two great nations, two great friends’ sign major defence and commercial deals

One agreement will see US memory chip firm Micron Technology establish its first microchip factory in India with an investment of up to US$825mln.

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2. Ocado falls as analyst pours cold water on bid hype

Shares fell as analyst Clive Black at Shore Capital sprinkled some cold water on reports that Amazon might be looking at a bid.

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3. Siemens Energy tumbles after warning of wind turbine component failures

Following the increase in failure rates of wind turbine components, the board initiated an extended technical review of Siemens Gamesa’s installed fleet and product designs.

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4. GSK out-of-court deal encouraging but 'not the final full stop' in Zantac saga

While it is important for the company that it admitted no liability, said analyst Danni Hewson at AJ Bell, this "is not a full stop on the saga but is the latest punctuation point in what shareholders will hope is its final stanza".

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5. FTSE 100 closes under 7,500 as interest rate worries persist

At the close, the UK's main index had fallen another 0.5% to finish the week at 7,462 points.

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