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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,799.50
Bid: 1,796.00
Ask: 1,796.50
Change: 19.00 (1.07%)
Spread: 0.50 (0.028%)
Open: 1,784.00
High: 1,799.50
Low: 1,780.00
Prev. Close: 1,780.50
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MARKET PULSE-Best Buy, Citi, Prosensa, Sarepta, Rentrak, Alamos Gold

Thu, 16th Jan 2014 18:26

(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)U.S. stocks fell on Thursday, with the S&P 500 pulling back fromrecord levels following a round of disappointing earnings asfinancial stocks led the way lower. The Dow Jones industrialaverage was down 0.40 percent at 16,415.34, the S&P 500 was down 0.17 percent at 1,845.15 and the NasdaqComposite was up 0.05 percent at 4,216.926.

** BEST BUY CO INC, $26.86, -28.51 pct

The world's largest consumer electronics chain reported adrop in holiday sales and forecast a bigger-than-expecteddecline in quarterly operating margins.

** CITIGROUP INC, $52.53, -4.47 pct

The third-largest U.S. bank posted a lower-than-expectedquarterly profit as the bank's fixed-income revenue declined ina "challenging trading environment."

For a graphic on earnings, (http://link.reuters.com/cuz95v)

** GOLDMAN SACHS GROUP, $174.76, -2.23 pct

Goldman Sachs Group reported a 21 percent drop in quarterlyprofit on Thursday as revenue from fixed-income trading fell inwhat Chief Executive Lloyd C. Blankfein described as "a somewhatchallenging environment."

For a Breakingviews column, click

For a graphic on earnings, (http://link.reuters.com/guz95v)

** BLACKROCK INC, $320.29, +2.41 pct

The world's largest money manager reported ahigher-than-expected quarterly profit, benefiting from strongmarkets and a flow of new money into its exchange-tradedfunds.

** SAREPTA THERAPEUTICS INC, $26.4401, +32.33 pct

The company said data from an extended study of its drug totreat a rare muscular disorder in young boys showed continuedstabilization of walking ability in patients.

The drug, eteplirsen, was well tolerated and there were noadverse treatment-related events or discontinuations at 120weeks of treatment, the company said.

In October 2012, Sarepta said the trial met its main goal ofincreasing the level of a key protein after 48 weeks oftreatment. The study was extended to monitor the drug's safetyand efficacy.

Janney Capital Markets analyst Kimberly Lee said the stockmovement was unwarranted as the data was collected from only sixpatients.

"The company will need to test the drug in more patients,"she wrote in an email to Reuters.

** YRC WORLDWIDE INC, $15.1, +18.15 pct

The struggling trucker said it was in talks to revise alabor contract after an earlier proposal was rejected byTeamsters union workers.

** PROSENSA HOLDING NV $6.9799, +25.99 pct

The company said additional data from a study of its drug totreat a rare muscular disorder suggest that treating patientsearlier and longer showed a delay in the progression of thedisease.

Prosensa said the data suggests that there was a regulatorypath forward for the drug, which failed a late-stage study lastSeptember, prompting its partner GlaxoSmithKline Plc toreturn its rights.

** NU SKIN ENTERPRISES INC, $90.33, -21.61 pct

** HERBALIFE LTD, $71.9, -9.42 pct

China's State Administration for Industry and Commerce(SAIC) on Thursday ordered local authorities to investigatemedia reports that allege that the skincare products companydistributes false information and conducts illegal business inChina, state news agency Xinhua said.

Shares of nutritional supplements maker Herbalife, whichgets about 8 percent of its revenue from China, also fell on thesame news.

** ZOOM TECHNOLOGIES INC, $5.26, +22.33 pct

The China-based maker of modems and Bluetooth wirelessequipment said it will acquire Tinho Union Holding Group inan-all stock deal worth about $81 million. Zoom would issueabout 9.4 million shares of its common stock and Tinhoshareholders would own about 75 percent of Zoom after thetransaction closes. Tinho Union offers online ticket booking andrelated services for business travel.

** RENTRAK CORP, $52.855, +39.17 pct

The content provider said CBS Corp would use its TVEssentials TV ratings product.

"This represents a major advancement for Rentrak in its pathto gaining industry acceptance for its census-based approach toTV measurement," Brean Capital analyst Todd Mitchell said in anote and raised his price target on the stock to $58 from $50.

** ALAMOS GOLD INC, $10.82, -13.37 pct

The miner forecast lower full-year production andhigher cash costs as output from its high-grade Escondidadeposit in Mexico winds down. Alamos forecast 2014 production tofall to 150,000-170,000 ounces of gold from 190,000 ounces in2013.

** J.C. PENNEY CO INC, $6.86, -2.14 pct

The U.S. retailer said on Wednesday it would close 33 storesand cut 2,000 jobs as part of its efforts to return toprofitability. Chief Executive Myron Ullman said in a statementthe action "addresses a strategic priority to improve theprofitability of our stores."

** CONCORD MEDICAL SERVICES HOLDINGS LTD, $5.8,+11.54 pct

The company, which operates radiotherapy and diagnosticimaging centers in China, is set to benefit from the growingprevalence of cancer in that country and wider coverage ofgovernment sponsored health insurance, a report on investmentwebsite SeekingAlpha said.

The report said the company's stock is significantlyundervalued and has the potential to grow 30 percent in 2014 asits earnings rise. (http://link.reuters.com/cub26v)

** NORDIC AMERICAN TANKER LTD, $10.86, +8.28 pct

** FRONTLINE LTD, $4.95, +3.77 pct

Rates of very large crude carriers (VLCCs) in the MiddleEast and Gulf region rebounded, while in the west VLCC activityhas risen, Morgan Stanley analyst Fotis Giannakoulis said in hisdaily note to clients.

JPMorgan Asset Management Holdings Inc increased its stakein tanker operator Frontline earlier this week, according to arelease on the Oslo Stock Exchange. (http://r.reuters.com/reb26v)

** APOLLO GLOBAL MANAGEMENT LLC, $35.57, -0.50 pct

** CEC ENTERTAINMENT INC, $54.42, +12.37 pct

Apollo Global will buy CEC Entertainment, the parent ofChuck E Cheese's restaurant chain, for about $948 million,adding to a portfolio that includes companies ranging fromcruise ship operators to casinos.

** RICEBRAN TECHNOLOGIES, $6.2499, +1.62 pct

The food ingredients company said it reached a multi-yearsupply agreement with Hela Spice Canada Inc to distributeRicebran brands throughout Canada.

** LOGITECH INTERNATIONAL, $13.66, -7.58 pct

Vontobel raised its target price on the computer accessoriesmaker's stock to 14 Swiss Francs from 9.7 Swiss Francs citinghigher sales of the company's UE Boom speaker, iPad keyboards,iPhone and Android accessories and higher mid-term operatingmargins. The brokerage has a "hold" rating on the stock.

** AOL INC, $51.47, +8.93 pct

AOL is handing majority ownership of Patch, a money-losingnetwork of local news websites, to New York investment firm andturnaround specialist Hale Global in a joint venture announcedby the companies on Wednesday.

** CSX CORP, $27.11, -7.25 pct

CSX on Wednesday posted a fourth-quarter profit that fellshort of Wall Street's estimates as rising shipments ofchemicals, autos and agricultural products failed to make up forweak coal volumes.

Brokerage Stifel downgraded the stock to "hold" from "buy".

** TESSERA TECHNOLOGIES, $19.56, -8.49 pct

The technology patent company said it expected to recognizea charge of $50 million to $55 million related to restructuringof its DigitalOptics unit. The company said it would record 75percent of the charge in the fourth quarter, and the rest in thefirst half of 2014. Tessera said it would stop allDigitalOptics' manufacturing operations, except imageenhancement, reduce its workforce by about 300 employees andclose its facilities in California, New York, Taiwan and Japan.

** HELEN OF TROY LTD, $56.41, +7.63 pct

The consumer products company said it appointed JulienMininberg as its new chief executive effective March 1.Mininberg, who headed the company's healthcare and homeenvironment business, replaces Gerald Rubin, who has served asthe CEO for the last 14 years.

** EMULEX CORP, $7.56, +4.13 pct

BofA Merrill upgraded the chipmaker's stock to "buy" from"underperform", saying investors are not giving due credit tothe company's November announcement of a $200 million sharerepurchase program and expansion of its restructuring plan tosave $30 million in costs.

** SOLARCITY INC, $75.09, +9.62 pct

Analysts at Deutsche Bank began coverage of the U.S. solarpanel installer with a "buy" rating and a price target of $90,saying SolarCity's customer base could double by the end of theyear due to a growth in the residential solar market. The pricetarget is 31 percent higher than the stock's Wednesday close.

** HUNTINGTON BANCSHARES INC,$9.65, -2.53 pct

The bank reported a 6 percent fall in its quarterly profitas it earned lower mortgage banking income. Noninterest incomefell 17 percent to $246.6 million compared with the same quartera year earlier, while income from mortgage banking fell about 61percent to $24.3 million.

** HYDROGENICS CORP, $22.55, +8.83 pct

The Canadian fuel cell maker said it received aC$3.8 million ($3.47 million) contract to supply an energystorage application, which would store surplus wind energy ashydrogen. Hydrogenics expects to deliver this project in late2014, it said early on Thursday.

** DENDREON CORP $3.2, -3.90 pct

The cancer vaccine maker continues to struggle withcost-cutting and its vaccine, Provenge, would face hurdles inthe European Union due to varying reimbursement rates, RothCapital analyst Joseph Pantginis said in a note to clients.

"A major question that remains is how the company will dealwith the $600 million in convertible debt that comes due in 2years," said Pantginis, who has a "sell" rating on the stock.

** RIO TINTO LTD, $54.85, +3.51 pct

Rio Tinto reported big increases in theproduction of iron ore and other minerals in 2013, bettingChina's massive economic growth will provide a ready market fordecades to come.

** LIME ENERGY CO, $3.5499, +3.19 pct

The energy-saving devices maker's stock could rise to $8this year, driven by a continued increase in quarterly revenue,profit, reduction of debt and share buybacks, according to areport on investment website Seeking Alpha. (http://link.reuters.com/vab26v)

** BOSTON PRIVATE FINANCIAL HOLDINGS INC,$12.94,+6.68 pct

The regional lender reported a higher-than-expectedquarterly profit as it kept aside less money to cover bad loans.

Provision for loan losses fell 60 percent to $2 million forthe fourth quarter.

** KROGER CO, $37.56, -4.33 pct

Credit Suisse downgraded its rating on the biggest U.S.supermarket operator's stock to "neutral," Theflyonthewall.comreported.

** CBL & ASSOCIATES PROPERTIES INC, $17.41, -3.33pct

J.P. Morgan Securities downgraded the real estate investmenttrust's stock to "neutral" from "overweight" and cut its pricetarget to $21 from $23 as the brokerage expects a moderateearnings growth trajectory.

** INTEL CORP, $26.59, -0.30 pct

The chipmaker reports fourth-quarter results after marketsclose and some analysts expect the company's revenue couldslightly beat already low expectations. Intel is expected tomaintain its 2014 forecast for flat sales.

** AMERICAN EXPRESS CO, $87.68, -0.65 pct

** CAPITAL ONE FINANCIAL CORP, $76.76, -0.35 pct

Higher card spending and lower default rates are expected tohelp American Express and Capital One Financial beat estimateswhen they report quarterly results after markets close,according to forecasts from StarMine's most accurate analysts. (Compiled by Varun Aggarwal in Bangalore; Editing by SrirajKalluvila)

More News
9 May 2024 15:51

UK dividends calendar - next 7 days

Friday 10 May 
AIB Group PLCdividend payment date
Alpha Group International PLCdividend payment date
Antofagasta PLCdividend payment date
Hammerson PLCdividend payment date
Hunting PLCdividend payment date
International Personal Finance PLCdividend payment date
Invesco Select Trust Global Equity Income PLCdividend payment date
Invesco Select Trust UK Equity PLCdividend payment date
Johnson Service Group PLCdividend payment date
Kerry Group PLCdividend payment date
Moneysupermarket.com Group PLCdividend payment date
Schroder Asian Total Return Inv Co PLCdividend payment date
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Schroder Oriental Income Fund Ltddividend payment date
Serco Group PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Somero Enterprises Incspecial dividend payment date
Taylor Wimpey PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Monday 13 May 
Games Workshop Group PLCdividend payment date
Life Science REIT PLCdividend payment date
Seed Innovations Ltdspecial dividend payment date
Smiths Group PLCdividend payment date
VinaCapital Vietnam Opportunity Fund Ltddividend payment date
Tuesday 14 May 
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Fidelity European Trust PLCdividend payment date
InterContinental Hotels Group PLCdividend payment date
Mondi PLCdividend payment date
OSB Group PLCdividend payment date
Rathbones Group PLCdividend payment date
Uniphar PLCdividend payment date
Wednesday 15 May 
Capital Ltddividend payment date
Grit Real Estate Income Group Ltddividend payment date
Jardine Matheson Holdings Ltddividend payment date
Just Group PLCdividend payment date
Rentokil Initial PLCdividend payment date
Thursday 16 May 
abrdn Property Income Trust Ltdex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
Aquila European Renewables PLCex-dividend payment date
Balfour Beatty PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
BP PLCex-dividend payment date
Bunzl PLCex-dividend payment date
Churchill China PLCex-dividend payment date
EJF Investments Ltdex-dividend payment date
Essentra PLCex-dividend payment date
Fevertree Drinks PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
GSK PLCex-dividend payment date
Haleon PLCdividend payment date
Henderson Opportunities Trust PLCex-dividend payment date
Income & Growth VCT PLCex-dividend payment date
Irish Continental Group PLCex-dividend payment date
James Halstead PLCex-dividend payment date
Jarvis Securities PLCex-dividend payment date
Kingfisher PLCex-dividend payment date
M Winkworth PLCdividend payment date
Majedie Investments PLCex-dividend payment date
Manx Financial Group PLCex-dividend payment date
Mercantile Investment Trust PLCdividend payment date
Morgan Sindall Group PLCdividend payment date
Murray Income Trust PLCex-dividend payment date
Ocean Wilsons Holdings Ltdex-dividend payment date
Octopus Renewables Infrastructure Trust PLCex-dividend payment date
PageGroup PLCex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
Princess Private Equity Holding Ltdex-dividend payment date
Property Franchise Group PLCex-dividend payment date
Prudential PLCdividend payment date
RHI Magnesita NVex-dividend payment date
Shell PLCex-dividend payment date
Spectris PLCex-dividend payment date
Supermarket Income REIT PLCdividend payment date
Target Healthcare REIT PLCex-dividend payment date
TClarke PLCex-dividend payment date
Tesco PLCex-dividend payment date
TwentyFour Select Monthly Income Fund Ltdex-dividend payment date
Unilever PLCex-dividend payment date
Vaalco Energy Incex-dividend payment date
Vector Capital PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
  
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8 May 2024 09:39

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

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7 May 2024 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

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

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2 May 2024 19:57

GSK knew about Zantac cancer risk, attorneys tell jury in first trial

May 2 (Reuters) - U.S. attorneys for a woman who claims her colon cancer was caused by the now discontinued heartburn drug Zantac on Thursday told a jury in Chicago that pharmaceutical companies GSK and Boehringer Ingelheim knew the product could cause cancer if it was not handled properly but failed to warn the public.

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2 May 2024 09:48

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

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1 May 2024 19:39

Bird flu testing shows more dairy products are safe, US FDA says

CHICAGO, May 1 (Reuters) - Preliminary results of tests on additional dairy products show that pasteurization inactivates the bird flu virus, the U.S. Food and Drug Administration said on Wednesday.

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1 May 2024 17:31

UK's FTSE 100 slips ahead of Fed outcome, energy stocks weigh

FTSE 100 down 0.3%, FTSE 250 off 0.2%

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1 May 2024 16:56

LONDON MARKET CLOSE: FTSE 100 down ahead of US interest rate decision

(Alliance News) - Stock prices in London closed mostly in the red on Wednesday, as investors eye the latest interest rate decision from the US Federal Reserve this evening.

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1 May 2024 16:42

London close: Stocks fall ahead of US Fed decision

(Sharecast News) - London markets closed lower on Wednesday, as investors digested the latest UK manufacturing data and anticipated an impending policy announcement from the US Federal Reserve.

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1 May 2024 11:55

LONDON MARKET MIDDAY: FTSE 100 treads water as Fed takes centre-stage

(Alliance News) - London's FTSE 100 traded off session highs heading into Wednesday afternoon, as some pre-Federal Reserve decision nerves kicked in.

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1 May 2024 10:54

GSK raises profit outlook on strong vaccine, HIV drug sales

FY profit forecast raised to 8-10%

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1 May 2024 08:57

LONDON MARKET OPEN: FTSE 100 shakes off New York slump before Fed

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 brushing off some pre-Federal Reserve decision trepidation to record an early rise, while the dollar climbed on the expectation that Jerome Powell will sound hawkish in his press conference later.

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1 May 2024 08:50

TOP NEWS: GSK expects momentum to continue after strong first quarter

(Alliance News) - GSK PLC on Wednesday raised its annual earnings forecast, and said it expects sales growth at the top-end of guidance, after a "strong" start to the year.

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1 May 2024 07:46

LONDON BRIEFING: GSK ups outlook; Next first-quarter beats forecast

(Alliance News) - Equities in London are called to open flat on Wednesday, ahead of the latest Federal Reserve interest rate decision, while a host of financial markets in mainland Europe and beyond are closed for public holidays.

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1 May 2024 07:36

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(Sharecast News) - UK pharmaceutical giant GSK lifted annual profits guidance on Wednesday, as it pinned its hopes on demand for its respiratory virus and shingles treatments.

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