LONDON -- Platinum remains in the news -- but the action today didn't revolve around miners of the stuff, but businesses that use it. Chief among them in an FTSE 100
That said, the precise driver wasn't clear. The company hasn't issued any recent news or results, and broker coverage hasn't thrown up any news flow, either. However, with the shares down sharply in early trading, investors seemingly saw an opportunity to grab a stake in a global business that over the past year has outperformed the FTSE 100 by 30% -- and which is still on a forecast price-to-earnings ratio of 13.
Just behind Johnson Matthey, Barclays
Finally, a broker downgrade of global pharmaceutical and consumer products business GlaxoSmithKline
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