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FTSE 100 movers: GSK surges on Zantac deal; Taylor Wimpey goes ex-div
(Sharecast News) - FTSE 100 (UKX) 8,245.01 0.02% Shares in GSK surged after the pharmaceuticals company announced a $2.2bn settlement to resolve approximately 80,000 Zantac lawsuits in the US.
The company revealed that it had reached agreements with 10 firms, representing 93% of the state court product liability cases related to the drug.
Additionally, GSK agreed to pay $70m to resolve a whistleblower complaint filed by Valisure, which alleged that the firm had concealed the cancer risks of Zantac.
Insurers Beazley and Hiscox both gained as Hurricane Milton lessened in intensity before striking the US state of Florida.
Taylor Wimpey, Kingfisher, Tesco, and WPP all fell after trading ex-dividend.
FTSE 100 - Risers
GSK (GSK) 1,536.00p 5.35% Beazley (BEZ) 775.50p 2.85% Hiscox Limited (DI) (HSX) 1,130.00p 1.99% Next (NXT) 10,005.00p 1.43% Coca-Cola HBC AG (CDI) (CCH) 2,766.00p 1.32% Fresnillo (FRES) 640.00p 1.27% Aviva (AV.) 481.50p 0.86% Haleon (HLN) 382.50p 0.84% NATWEST GROUP (NWG) 352.70p 0.83% United Utilities Group (UU.) 1,028.50p 0.78%
FTSE 100 - Fallers
Taylor Wimpey (TW.) 152.15p -4.82% Vistry Group (VTY) 902.50p -4.45% BAE Systems (BA.) 1,261.00p -3.22% Whitbread (WTB) 3,074.00p -3.18% Ashtead Group (AHT) 5,708.00p -2.43% WPP (WPP) 760.20p -2.24% Mondi (MNDI) 1,429.00p -2.12% Barratt Redrow (BTRW) 453.40p -2.07% Intertek Group (ITRK) 5,030.00p -2.04% Persimmon (PSN) 1,572.00p -1.69%
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