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Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,670.00
Bid: 1,670.50
Ask: 1,671.00
Change: 17.00 (1.03%)
Spread: 0.50 (0.03%)
Open: 1,650.00
High: 1,677.00
Low: 1,646.00
Prev. Close: 1,653.00
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MARKET PULSE-AMD, Cbeyond, Halliburton, Plug Power, Prosensa, Sarepta

Mon, 21st Apr 2014 14:00

(For more market insights, including options activity, click on ; for the Day Ahead newsletter http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s)

April 21 (Reuters) - U.S. stocks opened flat on Monday as investors found few reasonsto keep buying following a strong rally last week and ahead of aheavy week of corporate earnings. The Dow Jones industrialaverage was up 0.25 percent at 16,448.9, the S&P 500 was up 0.22 percent at 1,868.98 and the Nasdaq Composite was up 0.26 percent at 4,106.1.

** HALLIBURTON CO, $63.289, +3.92 pct

The world's No. 2 oilfield services company, reportedbetter-than-expected quarterly results, helped by robustdrilling activity in Russia, Saudi Arabia and Angola.

** HASBRO INC, $55.255, +1.18 pct

The toymaker reported a quarterly profit, compared with ayear-ago loss, helped by strong demand for its toys for girls.Sales of girls' toys such as My Little Pony and Nerf Rebelleincreased 21 percent to $138.7 million in the first quarterended March 30.

** SAREPTA THERAPEUTICS INC, $36.8001, +50.82 pct

** PROSENSA HOLDING NV, $5.55, +9.47 pct

Sarepta said it would start new trials to revive the chanceof approval for its experimental muscle disorder drug after theU.S. Food and Drug Administration advised the company to submitnew safety and efficacy data.

Prosensa makes drisapersen, a competing drug that failed alate-stage trial in September 2012.

** TEVA PHARMACEUTICAL INDUSTRIES LTD, $51.01,+0.31 pct

** MYLAN INC, $47.94, +2.17 pct

** MOMENTA PHARMACEUTICALS INC, $11.9984, +8.09 pct

The U.S. Supreme Court on Friday denied a request by Teva tostay a lower-court ruling in a patent case that favored thedevelopers of generic versions of the Israel-based company'stop-selling multiple sclerosis drug Copaxone.

The decision could help pave the way for generic competitorsof Teva's Copaxone drug to go on the market as soon as nextmonth.

The lower-court ruling in July 2013 was in favor of twoteams developing cheaper generic forms of Copaxone: onecomprising Novartis AG's Sandoz Inc and MomentaPharmaceuticals, and the other comprising Mylan Inc andNatco Pharma Ltd.

** CBEYOND INC, $9.79, +38.28 pct

Privately held enterprise Internet-based communicationsservices provider Birch Communications Inc said it agreed to buythe data center and networking services provider Cbeyond Inc forabout $323 million in cash to expand its optical fiber and datacenter network.

Cbeyond shareholders will get between $9.97 and $10 pershare. At $9.97 per share, the offer represents a premium of40.8 percent over the closing price of Cbeyond's stock onThursday.

** PLUG POWER, $8.03, +9.70 pct

The US fuel cell maker said on Monday Chief Executive AndyMarsh will provide update on the company's plans for its GenKeyhydrogen fuel cells, and ReliOn acquisition At 10 am ET.

** ADVANCED MICRO DEVICES INC, $4.14, +12.20 pct

The chipmaker reported better-than-expected quarterlyresults on Thursday and its second-quarter revenue forecast wasabove analysts' estimates.

At least two brokerages raised their price targets on thestock on Monday.

** CALPINE CORP, $22.28, +4.26 pct

U.S. power and energy infrastructure owner LS Power EquityAdvisors LLC said it has agreed to buy about 3,500 MW ofgeneration resources in the southeastern United States fromCalpine for $1.57 billion. The portfolio consists of sixcombined-cycle generation facilities which use natural gas asthe primary fuel source, LS Power Equity said.

Calpine mainly owns and operates natural gas-fired andgeothermal power plants in North America.

** PERFECT WORLD CO LTD, $19.335, -1.20 pct

** SHANDA GAMES LTD, $6.71, +1.36 pct

China-based online game developer Perfect World said itjoined the consortium offering to buy rival Shanda Games.Perfect World said it would buy 30.3 million class A ShandaGames shares for $100 million from Shanda InteractiveEntertainment Ltd, a shareholder in Shanda Games.

** NU SKIN ENTERPRISES INC, $87.52, +1.27 pct

The direct-selling skincare and nutritional product companyon Saturday said its Nu Skin China unit plans to immediatelyresume corporate-hosted business meetings and will beginaccepting applications for new sales people on May 1.

"China is an important marketplace for Nu Skin and we arecommitted to operating in full compliance with China's directselling regulations to promote long-term success," the companysaid in a statement.

** TREEHOUSE FOODS INC, $72.38, +0.32 pct

The food manufacturer said it will acquire Canada-basedProtenergy Natural Foods from Whitecastle Investments Ltd,Whitecap Venture Partners and others for about C$170 million.

Protenergy Natural Foods makes private-label broth, soupsand gravies.

** GENERAL MOTORS CO, $33.95, -0.09 pct

The U.S. car giant plans to invest $12 billion in China from2014 to 2017 and build more plants next year as it competes withaggressive rivals in the world's largest auto market.

** NEWMONT MINING CORP, $25.01, +6.24 pct

The talks between Barrick Gold Corp and NewmontMining over a combination that would create a gold miningbehemoth have hit a snag, but two sources close to the situationsay the companies remain keen on a deal and discussions arelikely to resume.

** PFIZER INC, $30.71, +1.52 pct

The U.S. pharmaceutical giant has approached British rivalAstraZeneca Plc to propose a 60 billion pound ($101billion) takeover, Britain's Sunday Times reported.

** APPLE INC, $527.78, +0.54 pct

** GOOGLE INC, $539.44, -0.72 pct

Apple and Google are wooing game developers to ensure thattop game titles arrive first on devices powered by theirrespective operating system, the Wall Street Journal reported,citing people familiar with the matter.

** COMCAST CORP, $49.61, +1.04 pct

** CHARTER COMMUNICATIONS INC, $121.75, +3.33 pct

Comcast is in talks with Charter Communications over sellingor spinning off roughly 3 million subscribers worthapproximately $18 billion to $20 billion as part of thedivestitures related to its $45.3 billion takeover of TimeWarner Cable, according to a source familiar with thematter.

** VIMPELCOM LTD, $9.325, +3.61 pct

Russia's Vimpelcom has resolved a long-running dispute withthe Algerian government by selling it a majority stake in thecountry's biggest telecoms operator for $2.6 billion, while itwill keep control and slash debt.

** WALT DISNEY CO, $79.49, -0.63 pct

Walt Disney Co's cable networks are expected to record highsingle-digit growth in operating income and domestic affiliaterevenue from fiscal 2014 through 2016, Chief Financial OfficerJay Rasulo told investors on Thursday.

** SPRINT CORP, $8.57, +0.59 pct

** T-MOBILE US INC, $30.44, +0.13 pct

A possible merger between Sprint and T-Mobile could promptU.S. regulators to rewrite rules they are now weighing for a2015 auction of airwaves, according to sources familiar with theproposed regulations.

** LULULEMON ATHLETICA INC, $49.854, -3.59 pct

A U.S. judge has issued final dismissals of lawsuitsaccusing Lululemon and various company officials of defraudingshareholders by concealing defects in yoga pants.

** ATHENAHEALTH, $138.736, -4.70 pct

The healthcare IT services company on Thursday reportedfirst-quarter adjusted earnings and revenue that fell below WallStreet estimates.

Three brokerages, including Oppenheimer, Deutsche Bank andB. Riley cut their price targets on the company' stock, citingweakness in its Epocrates business - a mobile medicalapplication.

** SELECT COMFORT CORP, $18.98, +6.93 pct

The specialty mattress maker on Thursday reportedfirst-quarter sales that beat analysts' estimates, helped by a 2percent rise in comparable sales.

** WEIBO CORP, $22.65, +11.91 pct

The Chinese Twitter-like messaging service company'sU.S.-listed shares were up premarket on Monday after they soared19 percent on their debut on Thursday.

** UNITEDHEALTH GROUP INC, $76.3, +0.69 pct

The largest U.S. health insurer, said it spent more than$100 million to cover a pricey new hepatitis C drug from GileadSciences Inc in its first three months on the market,an amount that was "multiple" times what it had expected.

** ABBOTT LABORATORIES, $38.81, -0.31 pct

An Abbott Laboratories spinoff urged a federal appealscourt to revisit a ruling in a case against GlaxoSmithKline Plc, but without disturbing landmark constitutionalprotections for gays and lesbians.

** KRAFT FOODS GROUP INC, $56.83, -0.14 pct

Kraft Foods is recalling about 96,000 pounds of Oscar MayerClassic Wieners because the packages may instead contain ClassicCheese Dogs made with milk, a known allergen.

** PLATINUM UNDERWRITERS HOLDINGS LTD, $62.35, +0.31pct

Brokerage Keefe Bruyette & Woods raised the reinsuranceprovider's target price to $69 from $67, after the company'searnings for the quarter ended March 31 beat analysts' estimateswith strong underwriting, investing, and capital managementperformance. The company reported earnings per share of $2.27,higher than analysts' average estimate of $1.28, according toThomson Reuters I/B/E/S. [ID: nPn5HRfMd]

** AMERICAN TOWER CORP, $82.44, -0.25 pct

Indian conglomerate Reliance Industries Ltd' telecommunications unit, which holds nationwide 4G permits, hasagreed to lease mobile phone masts from infrastructure providerAmerican Tower Corp's local arm, the companies said in astatement on Monday.

** CHINDEX INTERNATIONAL INC, $23.69, +3.27 pct

Chinese drugmaker Shanghai Fosun Pharmaceutical Group Co Ltd has raised its offer for U.S.-listed ChindexInternational Inc by 15 percent to $223.6 million aftera bidding war for the China-focused hospital chain.

** PEOPLE'S UNITED FINANCIAL INC, $14.65, +0.76 pct

Brokerage Keefe Bruyette & Woods cut the lender's targetprice to $14.50 from $15, citing low profitability until thecompany improves return on assets and efficiency ratio.

** PRIVATEBANCORP INC, $29.93, +1.15 pct

KBW raised its price target on the stock to $34 from $33after the bank reported better-than-expected first quarterresults on Thursday, helped by commercial loan growth.

** LINEAR TECHNOLOGY CORP, $46.33, -0.09 pct

The analog chipmaker said on Thursday it expects revenue togrow 2-6 percent from $348 million in the third quarter, that is$355-$369 million. Analysts on average were expecting revenue of$365 million, according to Thomson Reuters I/B/E/S.

** RADIOSHACK CORP, $1.47, +4.26 pct

The struggling U.S. electronics chain is mired in talks withits lenders over its plans to close about 1,100 stores,complicating its turnaround efforts, the Wall Street Journalreported, citing sources close to the talks.

RadioShack, which operates about 4,300 stores in the UnitedStates, said in March that the plan needed permission from itslenders, adding that its credit agreements allowed it to closeonly about 200 stores without the approval of lead lenders, theJournal said late on Wednesday. (http://r.reuters.com/vyg68v)

The company reported a wider quarterly loss and a huge dropin sales during the holiday season.

** BIOGEN IDEC INC, $294.058, +1.21 pct

Biogen is pricing its newly approved long-acting hemophiliadrug, Alprolix, to cost U.S. patients, and insurers, about thesame per year as older, less convenient therapies whose pricecan reach about $300,000 annually.

The move could pressure rivals such as Pfizer Inc tolower prices for existing hemophilia treatments, which providepatients with life-saving infusions of a blood clotting agent,according to doctors and industry analysts.

** HILLSHIRE BRANDS CO, $36.14, +0.08 pct

The maker of Jimmy Dean sausages and Ball Park hot dogs saidit has signed a definitive agreement to acquire Van's NaturalFoods from private equity firm Catterton Partners for about $165million to expand its presence in the frozen foods category.

Van's Natural Foods makes frozen waffles and breakfastsandwiches, as well as gluten-free cereals and crackers. (Compiled by Rohit T.K. in Bangalore; Editing by Joyjeet Das)

More News
20 Feb 2024 08:55

IN BRIEF: Diageo welcomes GSK's CFO as non-executive director

Diageo PLC - London-based brewer and distiller sells more than 200 drinks brands, including Guinness stout, Captain Morgan rum and Johnnie Walker whisky - Appoints GSK PLC's chief financial officer and executive director, Julie Brown, as a non-executive director. Says she will succeed Alan Stewart as chair of the audit committee after his retirement following the firm's annual general meeting in September. Chair Javier Ferran says: "Julie brings many years of experience in financial, commercial and strategic roles in international companies operating in highly regulated industries. She is strongly committed to enabling diversity in business and to creating sustainable, long-term value for stakeholders. I look forward to her contribution to Board discussions and to working with her in progressing Diageo's ambition to be one of the most trusted and respected consumer products companies in the world."

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15 Feb 2024 14:44

UK dividends calendar - next 7 days

Friday 16 February 
JPMorgan Asia Growth & Income PLCdividend payment date
JPMorgan Japan Small Cap Growth & Income PLCdividend payment date
Murray International Trust PLCdividend payment date
Premier Miton Group PLCdividend payment date
Schroder Oriental Income Funddividend payment date
Solid State PLCdividend payment date
Monday 19 February 
no events scheduled 
Tuesday 20 February 
Invesco Bond Income Plus Ltd 
Wednesday 21 February 
no events scheduled 
Thursday 22 February 
abrdn Asia Focus PLCex-dividend payment date
Alumasc Group PLCex-dividend payment date
AstraZeneca PLCex-dividend payment date
BlackRock Throgmorton Trust PLCex-dividend payment date
Braemar PLCex-dividend payment date
easyJet PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
Endeavour Mining PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Gateley Holdings PLCex-dividend payment date
GSK PLCex-dividend payment date
Hercules Site Services PLCex-dividend payment date
Jersey Electricity PLCex-dividend payment date
Land Securities Group PLCex-dividend payment date
Molten Ventures VCT PLCex-dividend payment date
Northern Bear PLCex-dividend payment date
Redrow PLCex-dividend payment date
Samuel Heath & Sons PLCex-dividend payment date
Titon Holdings PLCex-dividend payment date
Unilever PLCex-dividend payment date
Van Elle Holdings PLCex-dividend payment date
Virgin Money UK PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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15 Feb 2024 11:02

Berenberg hikes target price on GSK

(Sharecast News) - Analysts at Berenberg hiked their target price on drugmaker GSK from £16.50 to £18.20 on Thursday, stating the group was moving closer to offsetting losses associated with the expiry of its patent on HIV drug dolutegravir.

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15 Feb 2024 09:45

LONDON BROKER RATINGS: Jefferies cuts Kingfisher but Citi raises

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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15 Feb 2024 08:49

GSK completes USD1.4 billion purchase of respiratory firm Aiolos Bio

(Alliance News) - GSK PLC on Thursday said it has completed the acquisition of Aiolos Bio Ltd, expanding its respiratory portfolio with a potential "best-in-class" asthma treatment.

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13 Feb 2024 16:53

LONDON MARKET CLOSE: Stocks in red amid sticky US inflation data

(Alliance News) - Stock prices in London closed in the red on Tuesday, after a key US inflation reading came in hotter-than-expected.

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13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

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13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

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13 Feb 2024 12:06

LONDON MARKET MIDDAY: Stocks fall but pound up before US data

(Alliance News) - Stock prices in London were on the decline on Tuesday afternoon, with sentiment tetchy ahead of a US inflation report later.

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13 Feb 2024 09:45

Citi ups recommendation on GSK to 'buy'

(Sharecast News) - Citi has upgraded its rating on vaccines and drugs blue chip GSK to 'buy' while also boosting its earnings estimates.

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13 Feb 2024 09:32

LONDON BROKER RATINGS: Citi lifts GSK; Shore likes XPS Pensions

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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13 Feb 2024 07:45

LONDON BRIEFING: "Record" Tui quarter; Ultimate Products eyes payouts

(Alliance News) - London's FTSE 100 is to open ever-so-slightly lower on Tuesday, with trade set to be nervy ahead of the afternoon's US inflation data.

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12 Feb 2024 17:11

London close: Stocks finish higher after very quiet Monday

(Sharecast News) - London markets managed modest gains by the close of a subdued trading session on Monday, with no significant corporate or economic catalysts driving movements.

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12 Feb 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 underperforms as European peers rise

(Alliance News) - London's FTSE 100 underwhelmed on Monday, with some of its largest constituents pulling it lower, while indices in Europe were on the up on favourable comments on interest rate cuts by a European Central Bank official.

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12 Feb 2024 08:35

TOP NEWS: GSK's bepirovirsen receives US FDA fast track designation

(Alliance News) - GSK PLC on Monday said that the US health watchdog granted fast track designation for its bepirovirsen treatment for chronic hepatitis B.

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