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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,772.50
Bid: 1,772.00
Ask: 1,773.00
Change: -11.00 (-0.62%)
Spread: 1.00 (0.056%)
Open: 1,773.50
High: 1,779.00
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Prev. Close: 1,783.50
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UPDATE 1-GSK-linked investigator freed early from China jail - source

Tue, 09th Jun 2015 14:15

(Adds British consulate statement, GSK no comment, context)

By John Ruwitch

SHANGHAI, June 9 (Reuters) - A British corporateinvestigator linked to a bribery scandal in China involvingdrugmaker GlaxoSmithKline PLC is to be released earlyfrom a 2 1/2-year sentence in a Chinese jail, a source close tohis family said on Tuesday.

Peter Humphrey and his American wife, Yu Yingzeng, weresentenced in August last year for illegally obtaining privaterecords of Chinese citizens and selling the information on toclients including GSK.

The source, who declined to be identified, said Humphrey hadbeen informed on Tuesday by a Shanghai court that his sentencewould be reduced by seven months. He had originally beenexpected to be released in January next year.

The case was intertwined with an investigation of GSK inChina which rocked the country's pharmaceutical market and ledto a $489 million fine against the firm last year for payingbribes to doctors to use its drugs.

Humphrey is in a Shanghai hospital undergoing tests and theBritish consulate is processing an emergency passport for him,so he can be deported once he is released from hospital, thesource said.

It was not clear when Humphrey would officially be released.Yu, who was sentenced to two years in jail, will be freed incoming weeks.

"We have been notified by the Chinese authorities that aBritish national detained in China has been released. We areproviding consular assistance to the family," a spokesman forthe British consulate in Shanghai said.

Humphrey and Yu, who ran risk consultancy ChinaWhys, hadbeen asked by GSK to compile a report into the origins of a sexvideo involving its former China head Mark Reilly, which hadbeen sent to senior executives at the British firm along withanonymous emails alleging corruption.

On July 10, 2013, Chinese authorities detained Humphrey andYu. Days later police accused GSK of funnelling up to 3 billionyuan ($482 million) through travel agencies to bribe doctors andofficials in China.

A UK-based spokesman for GSK declined to comment on thereports that the couple are to be freed. Two lawyers who actedfor Humphrey and Yu last year said they were not aware of thedecision.

President Xi Jinping will travel to Britain for a statevisit in October, 10 years after the last such visit by aChinese president. (Additional reporting by Brenda Goh in Shanghai and BenHirschler in London; Writing by Adam Jourdan; Editing by AndrewRoche)

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29 Jan 2024 08:51

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24 Jan 2024 14:34

UK earnings, trading statements calendar - next 7 days

Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group PLCTrading Statement
Dr Martens PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCFull Year Results
Fuller, Smith & Turner PLCTrading Statement
Halfords Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Mitie Group PLCTrading Statement
NCC Group PLCHalf Year Results
Newmark Security PLCHalf Year Results
Next 15 Group PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Secure Trust Bank PLCTrading Statement
St James's Place PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Workspace Group PLCTrading Statement
Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
  
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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22 Jan 2024 17:08

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UPDATE: GSK raises GBP978 million as cuts stake in Haleon to 4.2%

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17 Jan 2024 08:05

GSK raises £978m through Haleon share sale

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