LONDON: British drugmaker GlaxoSmithKline on Wednesday slashed its 2014 profits forecast as second-quarter earnings sank on the back of weak US trade, adverse currency moves and a Chinese bribery probe.

In a gloomy results statement, GSK said it now expected its earnings per share — a key measure of performance — to be “broadly flat” this year. That compared with the previous forecast for growth of 4.0-8.0 percent.

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