AstraZeneca sees £2.8bn knocked off its value amid cost concerns

AstraZeneca PLC (LSE:AZN) shares fell 1.8%, wiping £2.8 billion from the value of the business, as lingering concerns on the drug maker's cost base overshadowed better than expected results and strong forward guidance. Shore Capital is hoping management can dispell these worries: "We sense there had been an element of uncertainty heading into results around how quickly the cost base could continue to evolve over the near-medium term and expect some further clarity might be provided around this during the ca ...