India, Oct. 28 -- The U.K. stock market's benchmark index FTSE 100 was down in negative territory around noon on Wednesday as investors digested quarterly earnings announcements from some big-name companies and looked ahead to the Federal Reserve's monetary policy announcement later in the day.
The FTSE 100 was down 30.69 points or 0.29% at 10,655.85 a few minutes past noon.
Pharma stock GSK dropped 6% despite beating third-quarter sales and profit expectations. The company reported third-quarter profit before tax of 1.935 billion pounds, compared with 2.456 billion pounds in the prior year. Earnings per share declined to 38.5 pence from 49.9 pence, a year ago. GSK reaffirmed its full-year 2026 guidance at constant exchange rates.
For co...