Footsie ends the week in profit as US stocks extend rally
Concerns over "the Donald" appear to be easing, and investors took the opportunity to return to equity markets
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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Concerns over "the Donald" appear to be easing, and investors took the opportunity to return to equity markets
The catalyst for the change is the likely delay to the introduction of a low-cost, copycat version of GlaxoSmithKline’s (LON:GSK) inhaled asthma drug, Advair, being developed by the company.
A look at some of the biggest London-listed risers and fallers today
Woodford Investment Management said it sees Lloyds as a "well managed bank" with the ability to pay a "very healthy and growing" level of dividend
At the close, the UK blue chip index was up 0.7%, or 48.8 points at 7,435.4, not far below its all-time record of 7,447.0
A look at some of the biggest London-listed risers and fallers today
Investments and investor services
The Footsie was back in black - but only just - thanks to precious metals miners
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HSBC is the last of the big four banks to report with more uncertainty over the outcome than for its UK-centric rivals.
The FTSE 100-listed firm said its adjusted earnings per share rose by 31% to 25.0p in the quarter to March 31, beating forecasts for 24.5p
The FTSE 100 closed at 7,288 as traders look ahead to Donald Trump's tax plans
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Day ahead: BHP Billiton, GlaxoSmithKline, Proactis...
The FTSE 100 closed 150 points, or 2.11% higher, as investors welcomed Macron's result in the first round of France's presidential election
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Week ahead: Huge for blue chip announcements with four high street banks, the UK’s two pharma giants, mining titans Anglo and BHP and restaurant to coffee chain Whitbread just a few of those updating.
Google's promise to crack down on adverts from appearing alongside extremist content has failed to reassure clients
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The jobless rate fell to 4.7%, down from 4.8% last month, marking its lowest level since the summer of 1975, with economists having expected no change
“Our clear preference is for specialty-focus and growth in the context of a strong-catalyst driven thematic or deep value,” Barclays said in a brief note to clients.
We’ve had the final results from Holy Trinity of the UK pharma industry ... which is the one to back?
Investments and investor services
Shire’s results Thursday will update on how 2016 ended as it provides commentary and numbers on the fourth quarter, which will be consolidated to provide full-year numbers too.
GSK says the results of its phase three study of its HIV treatment may change our understanding of how the virus can be managed.