GlaxoSmithKline

GlaxoSmithKline have yesterday announced their half year results, reporting robust gross margins and strong revenue growth across the portfolio, particularly in vaccines.

GSK has taken 195m orders for its swine flu vaccine and is currently in talks with over 50 countries over stockpiling the drug.

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Halfords

Halfords currently yields over 5% and is trading on 10x earnings (a 30% discount to the sector), thus offering potential capital gains as well as income. It is a counter-cyclical company which will benefit from cost-conscious consumers cycling to work, taking more UK holidays this year and car owners spending more money to keep their old cars on the road.

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Year ahead

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Article on preference shares

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Article on gold

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Article on oil

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