GSK: Investors will be looking for early signs that drugs giant will hit newly issued sales and earnings targets
For 2022, the City has been told to expect sales growth of 5% to 7%, leading to a 12% to 14% increase in operating profits
Company
LON:GSK
GSK PLC will be a fully focused biopharma company following the demerger of its world-leading consumer healthcare business, Haleon, in July 2022. The company will prioritise innovation in vaccines and specialty medicines, maximising the increasing opportunities to prevent and treat disease.
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For 2022, the City has been told to expect sales growth of 5% to 7%, leading to a 12% to 14% increase in operating profits
Analysts were also adjusting their forecasts, with Barclays saying many clients are "optimistic with regards to the near-term momentum" but others are in 'wait and see' mode
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‘New GSK’ will be focused on four areas: infectious diseases, HIV, oncology and immunology, with analysts seeing stronger growth than continental peer group
For each GSK share owned investors will get a new share in Haleon, which will start trading on Monday
It wants doctors to be able to prescribe Shingrix to at-risk groups over the age of 18, including those with compromised immune systems
Those who still have negative views are cautious about long-term forecasts given "a pipeline that is still somewhat work-in-progress"
Barclays upped its forecasts for GSK’s Respiratory Syncytial Virus vaccine following a 'positive' readout
Some analysts see the valuation well short of the £50bn tabled by Unilever, while others reckon GSK will have divested itself of a major "headache"
GSK said the vaccine showed “statistically significant and clinically meaningful efficacy” and no “unexpected safety concerns” were observed
"We're proud to make Priorix available in the US for the first time, adding a choice for providers to help protect patients against these highly-contagious diseases," said Judy Stewart, senior vice president and head of US Vaccines, GSK
Consumer health company Haleon’s ordinary shares are expected to be admitted to the London Stock Exchange on 18 July
It is acquiring Affinivax Inc, which gives it access to a technology being developed to treat pneumococcal diseases such as pneumonia
The authorities there have said that Cervarix will be administered in two doses
Workers had been offered a 2.75% pay rise, a fall in real terms, even after the company made £8.8bn operating profits last year
Yeah, we don't know either. Answers on a postcard please...
The broker has raised its share price target to 1,850p from 1,700p
Its a tough time for hay fever sufferers and sunflower oil lovers
“The end of the pandemic’s been a good thing for GSK"
The total dividend this year will be cut by 35% following the demerger of its consumer healthcare arm Haleon