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Currency exchange rates impact Michelin's first quarter PARIS—Weighed down by an unfavorable currency exchange swing in the past several months, Michelin reported a 6.3 percent drop in sales revenue for the three months ended March 31. The drop was compounded by a 2.3 percent drop in unit volumes, which Michelin attributed to "massive" dealer ...
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GSK new drug success eclipsed by currency, Advair slump GlaxoSmithKline plc on Wednesday posted a 2% decline in total revenue for the first quarter, as pricing pressure in respiratory medicine and the impact of a strong pound overshadowed a fast start on the market for the British drugmaker's new shingles vaccine. Growth in 2018 for GSK still very much ...
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