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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Medical technology & services

Haleon, US inflation the standouts for Thursday

Thursday might see sales of Haleon stock from Pfizer and GSK after their lock-up ends while US inflation for October will be revealed

It's a big day for GSK spin-out Haleon PLC on Thursday as an overhang from the combined 45% stake owned by former parents GSK and Pfizer could start to unravel.

When Haleon was spun out as a separately listed company earlier this year, Pfizer held a 32% stake and GSK around 13.5%.

They are prevented from selling under a lockup agreement that will be lifted whenever Haleon publishes third-quarter results or 10 November. The Haleon preview in full can be read here.

Ex-dividends meanwhile will reduce FTSE100 by 10.06 points (Whitbread, Shell, Airtel Africa, BP) at the start of trading.

US inflation numbers are due later on Thursday and will be watched for any sign that some of the pressure might be easing and the Fed can take its foot off the monetary tightening brake (full preview here).

Announcements due on Thursday 10 Nov

Trading Updates: Regional REIT (LSE:RGL), Vistry Group PLC (LSE:VTY), Haleon PLC (LSE:HLN, NYSE:HLN)

Interims: Auto Trader Group PLC (LSE:AUTO), National Grid, QinetiQ Group PLC (LSE:QQ.), Renewi PLC (LSE:RWI)

Finals: WH Smith PLC (LSE:SMWH)

AGMs: ACP Energy PLC (LSE:ACPE), Alternative Income REIT, BHP Group Ltd (LSE:BHP, ASX:BHP), European Opportunities Trust PLC (LSE:JEO), Ferro-Alloy Resources Limited, London Finance & Investment Group PLC, UIL Ltd, UIL Ltd

Economic announcements: RICS Housing Market Survey (UK), Consumer Price Index (US), Continuing Claims (US), Initial Jobless Claims (US)

US earnings: NIO

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