Bloomberg GlaxoSmithKline Plc said it will carve out its consumer unit via a spinoff and cut its dividend by about 30% as Chief Executive Officer Emma Walmsley seeks to revive the pharma giant’s lagging drug business. The UK company will list the unit in mid-2022 on the London Stock Exchange, Glaxo said in a statement Wednesday, before a key investor ...

Bloomberg The euro area’s private-sector economy is growing at its fastest pace in 15 years as coronavirus restrictions are loosened across the region. Surveys of purchasing managers by IHS Markit showed businesses struggling to keep up with demand in June as slowing infection rates allowed services including restaurants to reopen after months of strict lockdowns. Confidence in the economic outlook ...

Bloomberg Stocks were mixed and US equity futures were steady on Wednesday as investors assessed prospects for an economic recovery, while concern eased that faster inflation would spur policy tightening. Treasuries fall. Contracts on all three US equity benchmarks were little changed, after two days of gains for the S&P 500 Index. European equities edged lower as a drop in ...