UPDATE 2-Sterling hits 1-month low, FTSE gains as Conservative lead slumps
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv (Updates with more losses for pound)
Nov 7 Hospira Inc on Wednesday posted a net profit for the third quarter compared with a year-earlier loss as sales rose slightly, and backed its outlook for the full year.
Net earnings were $1.2 million, or 1 cent per share, versus a net loss of $88.9 million, or 54 cents per share, in the 2011 quarter.
Excluding items, earnings were 47 Cents per share. On that basis, analysts on average were expecting earnings of 45 cents.
Sales rose 1.8 percent to $994.0 million from $976.7 million a year before.
Hospira, a maker of specialty injectable pharmaceuticals and drug pumps, said it continues to expect 2012 net sales to show a fall of 1 percent to a rise of 2 percent, excluding the impact of foreign currency.
It forecast full-year earnings per share, excluding items, of $2.00.
* Entered into preliminary binding memorandum of agreement to farm-in and joint venture gold rights with Artemis Resources Limited
LONDON, May 26 (IFR) - Citigroup has appointed Matt Watson as head of its multi-asset group for Europe, Middle East and Africa, giving him regional oversight of the division responsible for cross-asset structuring and product development.