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    GSK   GB00BN7SWP63


Delayed London Stock Exchange  -  11:35:10 2023-01-30 am EST
1413.00 GBX   +0.21%
11:25aCureVac Says Ongoing Phase 1 Clinical Programs for COVID-19, Flu Vaccines Show Positive Data in Adult Groups
10:46aUK earnings, trading statements calendar - next 7 days
03:12aUnilever picks non-exec and dairy firm boss as next CEO
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LONDON BRIEFING: Asos interim CFO departs; Safestore enters Germany

12/02/2022 | 02:56am EST

(Alliance News) - Stocks in London are set to open marginally lower on Friday, ahead of US non-farm payrolls later in the day, a piece of data expected to loom large for the US Federal Reserve at its December meeting.

The non-farm payrolls report comes a day after survey results showed US manufacturing suffered a downturn in November.

The S&P Global US manufacturing purchasing managers' index fell to 47.7 points in November from 50.4 in October. Falling beneath the 50.0 no-change mark, it shows the sector is in contraction. The reading was largely in line with a flash estimate of 47.6, however.

In the UK, meanwhile, retail footfall suffered a sharper decline in November, with rail strikes adding to a wall of worry for the sector, which will be hoping for a festive boost this month.

The latest British Retail Consortium-Sensormatic IQ monitor showed retail footfall slid 13% versus pre-virus levels last month, worse than the three-month average fall of just under 12%.

IMF Chief Kristalina Georgieva warned that the chance of global growth dropping below two percent – last seen during the coronavirus outbreak and the global financial crisis of 2009 – is increasing as major economies slow.

Her comments come as the world's biggest economies grapple with fallout from Russia's invasion of Ukraine, which sent food and energy prices soaring, along with a surging inflation and a slowdown in China.

"The probability of growth slowing even further, falling below two percent was one-in-four," said Georgieva at the Reuters NEXT conference Thursday, referring to the fund's recent expectations for 2023.

Here is what you need to know ahead of the London market open:




FTSE 100: called down just 3.69 points at 7,554.80


Hang Seng: down 0.3% at 18,681.00

Nikkei 225: closed down 1.6% at 27,777.90

S&P/ASX 200: closed down 0.7% at 7,301.50


DJIA: closed down 194.75 points, 0.6%, at 34,395.01

S&P 500: closed down 3.54 points, 0.1%, at 4,076.57

Nasdaq Composite: closed up 14.45 points, 0.1%, at 11,482.45


EUR: higher at USD1.0529 (USD1.0487)

GBP: lower at USD1.2233 (USD1.2266)

USD: lower at JPY134.71 (JPY135.93)

Gold: higher at USD1,799.98 per ounce (USD1,796.43)

Oil (Brent): lower at USD86.83 a barrel (USD88.89)

(changes since previous London equities close)




Friday's key economic events still to come:

08:30 EST Canada labour force survey

09:30 CET EU EuroCOIN indicator of economic activity

11:00 CET EU producer price index

08:45 CET France industrial production  

14:30 CET Germany Deutsche Bundesbank President Joachim Nagel speaks  

08:00 CET Germany foreign trade price indices

09:00 CET Spain unemployment

09:30 GMT UK BoE external business stats

09:15 CST US Fed Chicago President Charles Evans speaks 

08:30 EST US employment report for November


Cities across China further unwound Covid restrictions, loosening testing and quarantine rules in the wake of nationwide protests calling for an end to lockdowns and greater political freedoms. Anger and frustration with China's hardline pandemic response spilled out onto the streets last weekend in widespread demonstrations not seen in decades. In the wake of the unrest across China, a number of cities have begun loosening Covid restrictions, such as moving away from daily mass testing requirements, a tedious mainstay of life under Beijing's stringent zero-Covid policy. At the same time, authorities are continuing to seek to contain protests with heavy security on the streets, online censorship in full force, and surveillance of the population heightened. As of Friday, the southwestern metropolis of Chengdu will no longer require a recent negative test result to enter public places or ride the metro, instead only requiring a green health code confirming they have not travelled to a 'high risk' area.




Goldman Sachs raises AB Foods to 'neutral' ('sell') - price target 1,900 (1,460) pence


Morgan Stanley reinitiates Tesco with 'equal-weight' - price target 263 pence


JPMorgan cuts THG to 'underweight' ('neutral') - price target 54 (42) pence




Pharmaceutical firm GSK said the European Medicines Agency has accepted a marketing authorisation application for momelotinib, its treatment for myelofibrosis, a rare blood cancer. The firm also announced positive headline results from a trial investigating Jemperli with standard-of-care chemotherapy followed by Jemperli when compared to chemotherapy plus a placebo in adults with primary advanced or recurrent endometrial cancer. GSK said the trial met its primary endpoint of progression free survival and showed statistically significant and clinically meaningful benefit.




Self-storage firm Safestore said it has entered into the German self-storage market through a new joint venture with investment firm Carlyle. The joint venture has acquired the seven-store myStorage business as well as a freehold site in Rotterdam. Safestore's initial investment in the joint venture is around EUR2.2 million for a 10% share. It will earn a fee for providing management services to the joint venture. Safestore added it expects to earn an initial return on investment of 15% for the first full year, before transaction-related costs, reflecting its share of expected joint venture profits and fees for management services.


IT infrastructure firm Softcat has appointed Kathryn Mecklenburgh as chief financial officer. She will join the board by "no later than mid-June". The current CFO, Graham Charlton, will become chief executive designate once Mecklenburgh joins. He is set to become the CEO from August 1. Mecklenburgh is currently interim CFO at fast-fashion retailer Asos. She previously served as group financial controller for car dealership Inchape.


Budapest-based budget airline Wizz Air carried 3.7 million passengers in November, up 70% from 2.2 million the previous year. The load factor increased to 88% from 76% year-on-year. Capacity rose 47% to 4.2 million seats, from 2.9 million seats.




Ryanair reported a 10% increase in passengers during November. The figure rose to 11.2 million from 10.2 million a year before. The load factor rose to 92% from 87%. During the month, the Dublin-based low-cost airline operated over 64,100 flights.


Bank of Ireland welcomed the approval of Ireland's minister for finance in regard to its acquisition of the assets and liabilities of KBC Bank Ireland. The minister's approval is the final required for the acquisition. The bank said it continues to work closely with KBC to ensure a "smooth and seamless transfer of customers". Back in April, Bank of Ireland said it entered talks to buy KBC Group's Irish unit, as the Belgian bank looked to exit the country. In May, the bank received clearance from the Irish Competition & Consumer Protection Commission for the acquisition.


By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
ASOS PLC 7.96% 875 Delayed Quote.58.77%
ASSOCIATED BRITISH FOODS PLC 0.48% 1866 Delayed Quote.17.83%
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.19% 0.57167 Delayed Quote.1.71%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.51% 0.7072 Delayed Quote.4.32%
BANK OF IRELAND GROUP PLC -0.10% 9.812 Real-time Quote.10.36%
BRENT OIL -2.02% 85.41 Delayed Quote.0.12%
BRITISH POUND / US DOLLAR (GBP/USD) -0.27% 1.2368 Delayed Quote.2.50%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) -0.10% 0.605525 Delayed Quote.-0.68%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.37% 0.7483 Delayed Quote.1.72%
DOW JONES INDUSTRIAL -0.27% 33899.3 Real-time Quote.2.51%
EURO / BRITISH POUND (EUR/GBP) 0.21% 0.87841 Delayed Quote.-0.98%
EURO / US DOLLAR (EUR/USD) -0.06% 1.0864 Delayed Quote.1.57%
FTSE 100 0.25% 7784.87 Delayed Quote.4.21%
FTSE MID 250 INDEX -0.49% 19937.2 Delayed Quote.6.27%
GSK PLC 0.21% 1413 Delayed Quote.-1.92%
INCHCAPE PLC 0.22% 921 Delayed Quote.12.07%
INDIAN RUPEE / BRITISH POUND (INR/GBP) 0.27% 0.009926 Delayed Quote.-0.99%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.05% 0.012277 Delayed Quote.1.48%
KBC GROUPE NV 1.02% 67.62 Real-time Quote.11.42%
MORGAN STANLEY 0.18% 96.29 Delayed Quote.13.93%
MSCI UNITED KINGDOM (STRD) 0.06% 1146.93 Real-time Quote.6.74%
NASDAQ COMPOSITE -1.32% 11472.58 Real-time Quote.11.04%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.11% 0.64857 Delayed Quote.2.27%
NIKKEI 225 0.19% 27433.4 Real-time Quote.4.94%
RYANAIR HOLDINGS PLC -2.42% 15.145 Real-time Quote.27.11%
S&P UNITED KINGDOM (PDS) 0.28% 1581.7 Real-time Quote.3.81%
S&P/ASX 200 -0.16% 7481.7 Real-time Quote.6.47%
SAFESTORE HOLDINGS PLC 1.18% 1025 Delayed Quote.7.20%
SOFTCAT PLC 1.26% 1209 Delayed Quote.0.84%
TESCO PLC 0.28% 247.6 Delayed Quote.10.12%
THE CARLYLE GROUP INC. 0.18% 35.51 Delayed Quote.18.73%
THG PLC -1.63% 54.44 Delayed Quote.26.06%
US DOLLAR / BRITISH POUND (USD/GBP) 0.27% 0.808597 Delayed Quote.-2.44%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.71% 69.9093 Delayed Quote.-1.91%
WIZZ AIR HOLDINGS PLC -0.36% 2730 Delayed Quote.43.87%
WTI -1.98% 78.948 Delayed Quote.-1.29%
All news about GSK PLC
11:25aCureVac Says Ongoing Phase 1 Clinical Programs for COVID-19, Flu Vaccines Show Positive..
10:46aUK earnings, trading statements calendar - next 7 days
03:12aUnilever picks non-exec and dairy firm boss as next CEO
01/29South Africa Signs Collaboration With Pharmaceutical Association Including GSK, AstraZe..
01/27UK earnings, trading statements calendar - next 7 days
01/26UK earnings, trading statements calendar - next 7 days
01/25UK earnings, trading statements calendar - next 7 days
01/25GSK : Barclays reiterates its Neutral rating
01/24Pharma Stocks Weigh Down European Equities in Tuesday Trading
01/24Europe's revenue growth expected to slow to a crawl in Q4
More news
Analyst Recommendations on GSK PLC
More recommendations
Sales 2022 29 105 M 36 036 M 36 036 M
Net income 2022 6 197 M 7 673 M 7 673 M
Net Debt 2022 14 371 M 17 793 M 17 793 M
P/E ratio 2022 8,75x
Yield 2022 4,32%
Capitalization 57 260 M 70 897 M 70 897 M
EV / Sales 2022 2,46x
EV / Sales 2023 2,41x
Nbr of Employees 90 096
Free-Float 93,7%
Duration : Period :
GSK plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GSK PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 22
Last Close Price 1 410,00 GBX
Average target price 1 694,98 GBX
Spread / Average Target 20,2%
EPS Revisions
Managers and Directors
Emma N. Walmsley Chief Executive Officer & Executive Director
Iain James Mackay Chief Financial Officer & Executive Director
Jonathan Richard Symonds Non-Executive Chairman
Jon Ellis VP & Head-Technology Business Development
Tony Wood Chief Scientific Officer
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