AstraZeneca settles UK tax claim
AFP/The Local · 23 Feb 2010, 15:12
Published: 23 Feb 2010 15:12 GMT+01:00
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The firm said in a statement that by agreeing to resolve claims with the HM Revenue & Customs dating between 1996 and 2010, it was able to upgrade its earnings outlook for 2010.
"AstraZeneca has increased its 2010 target for core earnings per share from $5.75-6.15 to $5.90-6.30 per share," the statement said.
AstraZeneca stock rose by one percent on the London Stock Exchange after announcement.