India, July 30 -- The UK market, which moved modestly higher earlier in the session, is down in negative territory in early afternoon trades on Wednesday with stocks turning in a mixed performance as investors react to a slew of earnings announcements, and await the Federal Reserve's monetary policy announcement.
The benchmark FTSE 100, which climbed to 9,169.01 earlier in the session, was down 28.22 points or 0.31% at 9,108.10 a little while ago.
GSK is rising 1.3% on strong earnings. The drug major said its profit before tax climbed 26% to 1.89 billion pounds in the second quarter, up from last year's 1.50 billion pounds. Earnings per share were 35.5 pence, up 23% from 28.5 pence a year ago.
GSK now expects core earnings per share and ...