AstraZeneca value falls after China unit 'linked to insurance fraud'
The Guardian|November 06, 2024
AstraZeneca shares tumbled yesterday, wiping £14bn off the value of Britain's biggest drug maker, after a report that dozens of executives at its China unit could be implicated in an insurance fraud case in the country's pharmaceutical sector.
Julia Kollewe

Also putting pressure on the share price, early data on AstraZeneca's experimental weight loss pill published on Monday was described as "somewhat underwhelming" by analysts at Deutsche Bank, who reiterated their "sell" rating on the stock.

Shares in the FTSE 100 company fell more than 8%, taking the market value down to about £156bn.

This story is from the November 06, 2024 edition of The Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 06, 2024 edition of The Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE GUARDIANView All
Nostalgic, but the humour is right on trend
The Guardian

Nostalgic, but the humour is right on trend

Amy Annette is the sort of woman who would rather drop her phone than a lovely bit of bread, she tells us by way of introduction

time-read
1 min  |
January 25, 2025
Gyms Working out the best membership deal
The Guardian

Gyms Working out the best membership deal

Mabel Banfield-Nwachi looks into the prices at the leading chains, and finds the best deals to save money

time-read
6 mins  |
January 25, 2025
Gaza Shells and bombs in rubble put thousands of lives at risk, experts warn
The Guardian

Gaza Shells and bombs in rubble put thousands of lives at risk, experts warn

Tens of thousands of people will risk death or injury this weekend from shells and bombs buried in rubble when they try to reach ruined homes in areas of Gaza inaccessible throughout much of the 15-month war, explosive disposal experts and aid officials have warned.

time-read
3 mins  |
January 25, 2025
Southport killer: police in fight to access web history
The Guardian

Southport killer: police in fight to access web history

Police have been unable to check what Axel Rudakubana was searching online before he murdered three children in Southport because they are locked in a lengthy US legal process to obtain the data from Google and Microsoft, it can be revealed.

time-read
4 mins  |
January 25, 2025
Revolution' Trump sets out his radical agenda. But will it work?
The Guardian

Revolution' Trump sets out his radical agenda. But will it work?

This time last week Stewart Rhodes was serving an 18-year prison sentence for seditious conspiracy over his role in a deadly attack on the US Capitol.

time-read
5 mins  |
January 25, 2025
'What do I do if I want to kill?' How teenager became a murderer
The Guardian

'What do I do if I want to kill?' How teenager became a murderer

When Axel Rudakubana returned to school after summer five years ago, something had changed.

time-read
4 mins  |
January 25, 2025
The Guardian

UN voices alarm as M23 rebels advance on Goma in eastern DRC

The military governor of North Kivu province in the Democratic Republic of the Congo has died from injuries sustained during the army's fight against the M23 rebel group as it advances towards the city of Goma.

time-read
1 min  |
January 25, 2025
Scientists pinpoint Andes as origin of potato blight that led to Irish famine
The Guardian

Scientists pinpoint Andes as origin of potato blight that led to Irish famine

It was a disaster that killed about 1 million people, devastating 19th-century Ireland, but while the potato disease behind the Irish famine is well known, a battle has raged over where it originated.

time-read
2 mins  |
January 25, 2025
Subsea cables Could Irish neutrality leave infrastructure open to attack?
The Guardian

Subsea cables Could Irish neutrality leave infrastructure open to attack?

They are the bedrock of the internet, keeping everything from TikTok to emergency services, business, banking systems and political and military communications running smoothly.

time-read
4 mins  |
January 25, 2025
The Guardian

'Tormented' man shot dead by West Mercia police was shown no mercy, says family

The family of Marcus Meade, who was shot and killed by police on Christmas Eve while thought to be having a mental crisis, have said officers showed \"no mercy\" for him, and are calling for \"full accountability\" of those involved.

time-read
2 mins  |
January 25, 2025