Early Market News: GlaxoSmithKline plc (LON:GSK), Vodafone Group plc (LON:VOD), HSBC Holdings plc (LON:HSBA)

Here is another collection of breaking news stories which may affect companies as trading continues later. The following listed companies should see some movement: GlaxoSmithKline plc (LON:GSK), Vodafone Group plc (LON:VOD), HSBC Holdings plc (LON:HSBA). Here is a more detailed look at the news that will affect each company when trading continues. GlaxoSmithKline plc (LON:GSK) GlaxoSmithKline plc (LON:GSK) has agreed to pay a large penalty in the US fpr selling faulty drugs. Health and Human services' Attorneys said in a statement that the pharmaceutical giant has agreed to make the payment as a penalty for selling faulty drugs to Medicare and Medicaid. The decision is considered to be a part of the Federal government's attempts to combat illegal drug sales. The payment to be made by GlaxoSmithKline plc (LON:GSK) will be distributed among the federal government, some states and a whistle-blower who was a former employee at the company. Vodafone Group plc (LON:VOD) Mobile data use will be given more importance by Vodafone Group plc (LON:VOD) in future. Vittorio Colao, the Chief Executive offer at Vodafone Group plc (LON:VOD), has announced that the company will now be focusing on mobile data use, as voice margins have been declining over recent time. It is expected that the CEO will be presenting the reviewed strategy tomorrow, along with future goals. Will Draper, an analyst at Execution Noble in London, said that "Colao will say this is a bigger opportunity than we thought initially and will stress Vodafone's ability to capitalise on that. It's more sharpening up the message and talking up the opportunity." HSBC Holdings plc (LON:HSBA) HSBC Holdings plc (LON:HSBA) may be looking to cut its mortgage rates, according to reports. Citing some unidentified resources, the newspaper said that HSBC Holdings plc (LON:HSBA) in Hong Kong is planning to cut down the loan amount required for the lower mortgage rate to HK$1 Million from HK$2 Million. The newspaper also reported that the newest strategy is an attempt to regain market share, for the banking giant's mortgage applications had fallen 20 percent in September. We could see more movement when trading continues for GlaxoSmithKline plc (LON:GSK), Vodafone Group plc (LON:VOD) and HSBC Holdings plc (LON:HSBA).
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