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Sector movers: GSK leads defensive pharma stocks higher

Wed, 04th Feb 2015 14:35

A massive cash return by Glaxosmithkline gave the wider sector a lift on Wednesday, with defensive healthcare and pharmaceutical stocks also benefiting from a reduction in risk appetite as UK markets pulled back from a five-month high.Sales, profits and earnings slumped during the fourth quarter of the year at GSK due to headwinds in the US market, though the company pleased investors after confirming it would return £4bn cash from its deal with Novartis.The company also posted a dividend of 80p, a rise of 3%, and said it expected to maintain it at the same level in 2015.Glaxosmithkline's shares were up 1.1% at 1,468.5p.Meanwhile, healthcare outsourcer Synergy Health was also advancing 0.7% after saying it was on track to hit full-year forecasts as growth momentum picked up strongly in the third quarter.Sector giant Astrazeneca also gained, along with Hikma Pharmaceuticals, Consort Medical and Skyepharma, as defensive sectors such as pharmaceuticals rose amid a wider market decline.Pharma stocks have underperformed over the last few sessions as strong gains on the back of easing concerns over Greece pushed risk assets such as miners and oil producers higher. The FTSE 100 reached its highest close since early-September 2014 on Tuesday.Top performing sectors so far todayPharmaceuticals & Biotechnology 13,488.72 +1.14%Technology Hardware & Equipment 1,245.55 +1.11%Software & Computer Services 1,305.71 +0.41%Construction & Materials 4,637.12 +0.26%Electronic & Electrical Equipment 3,990.66 +0.25%Bottom performing sectors so far todayOil Equipment, Services & Distribution 16,336.00 -3.09%Industrial Metals & Mining 1,669.36 -2.81%Oil & Gas Producers 7,313.61 -2.02%Mining 14,227.96 -1.75%Food Producers & Processors 8,069.40 -1.56%
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29 Aug 2018 16:14

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 30 AugustFIH GroupCreightonsSophos GroupFriday 31 3 4 Investment 5

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23 Aug 2018 17:32

Schroders Cuts Consort Medical Stake To Below 5% After Deal (ALLISS)

LONDON (Alliance News) - Consort Medical PLC said Thursday that Schroders PLC decreased its stake in the drug and delivery device manufacturer to below 5% after a transaction on holding after the

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7 Aug 2018 14:50

Axxion Holds 6.0% Interest In Carclo After Transaction (ALLISS)

LONDON (Alliance News) - Plastic products firm Carclo PLC on Tuesday said Axxion SA now holds a 6.0% interest in the company after a transaction on Monday.Prior to that, Axxion's was on

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7 Aug 2018 10:37

WINNERS & LOSERS SUMMARY: Domino's Pizza Slumps As Profit Falls

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Standard Life

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7 Aug 2018 09:57

Carclo Shares Drop 20% As Consort Medical Withdraws From Making Offer

LONDON (Alliance News) - Medical devices manufacturer Consort Medical PLC said Tuesday it does not intend to make an offer for industry peer Carclo PLC.Carclo shares were down 20% at 93.69

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1 Aug 2018 12:20

James Cropper Appoints RHI Magnesita Non-Executive Hosty To Board

LONDON (Alliance News) - Paper products manufacturer James Cropper PLC said Wednesday that Andrew Hosty will join as non-executive director with immediate effect.Hosty has been an acting to

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23 Jul 2018 10:23

Consort Medical Gets Extension To Make Firm Offer For Carclo

LONDON (Alliance News) - Plastic products maker Carclo PLC said Monday it has secured an extension to the deadline for Consort Medical PLC to make a firm offer for the company.The Panel on

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2 Jul 2018 13:36

UPDATE: Carclo Rejects Takeover Approach By Consort Medical

LONDON (Alliance News) - Drug and medical device company Consort Medical PLC said Monday that plastics products maker Carclo PLC has rejected its non-binding acquisition proposal.Consort of

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2 Jul 2018 10:58

WINNERS & LOSERS SUMMARY: Playtech Sinks On Asia Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Micro Focus up

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2 Jul 2018 09:57

Carclo Rejects Takeover Approach By Consort Medical

LONDON (Alliance News) - Drug and medical device company Consort Medical PLC said Monday that plastics products maker Carclo PLC has rejected its non-binding acquisition proposal.Consort of

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14 Jun 2018 11:40

Consort Medical Annual Revenue Rises But Profit Slips On Restructuring

LONDON (Alliance News) - Consort Medical PLC on Thursday said it delivered a good growth across all of its divisions in its recently ended financial year, but profit fell on restructuring company

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14 Jun 2018 09:33

BROKER RATINGS SUMMARY: UBS Cuts RELX; Barclays Cuts Pearson

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:----------FTSE 100----------UBS CUTS TO CUTS TO - TO

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10 Feb 2017 16:12

UK Dividends Calendar - Next 7 Days

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23 Jan 2017 15:23

Consort Medical pours more cash into Atlas Genetics

(ShareCast News) - Single-source drug and delivery device company Consort Medical announced on Monday that it has participated in a further equity raise by Atlas Genetics. The London-listed firm said that, following the successful CE-marking for the chlamydia trachomatis 'io' test cartridge, Atlas G

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5 Jan 2017 13:29

UPDATE 2-BAT quits nicotine inhaler to focus on vaping

* BAT to transfer Voke rights back to Kind Consumer * Kind to search for new partners * BAT to concentrate efforts on vaping, tobacco-heating (Adds market data, background, byline) By Martinne Geller LONDON, Jan 5 (Reuters) - British American Tobacco (BAT) has quit plan

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