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GlaxoSmithKline sees profits fall despite £1.4bn Covid related sales

Pharmaceuticals giant GlaxoSmithKline has said its pre-tax profits dropped last year, despite notching up £1.4 billion in Covid-19 related sales. The firm reported a 22% fall in pre-tax profits to £5.4 billion for 2021 – a 10% decline with currency ...

09 Feb 2022 at 09:26

City

Unilever says it will not raise offer for GSK division after £50bn bid rejected

Unilever has said it will not increase its £50 billion offer for GlaxoSmithKline’s (GSK) consumer arm which was rejected earlier this week. The Marmite and Dove soap manufacturer said it has considered financial documents from GSK over the ...

19 Jan 2022 at 18:26

City

GSK moves to new HQ in return to central London

Drugs giant GSK is set to move its global headquarters back to central London, ending more than two decades at its Brentford base. Around 3,000 employees will work from The Earnshaw building on the corner of New Oxford Street from Tuesday....

14 Jul 2024 at 00:01

City

GSK strikes deal to buy US vaccine firm Affinivax

GlaxoSmithKline (GSK) has agreed to buy US vaccine technology firm Affinivax in deal worth up to 3.3 billion dollars (£2.6 billion). It comes as the UK pharmaceutical business seeks to bolster its vaccine operation as part of a shake-up ...

31 May 2022 at 11:21

City

Drugs firm GSK raises targets after strong cancer and HIV treatment sales

Drugs firm GSK (GlaxoSmithKline) has lifted its profits and sales growth targets for the year after a boost from cancer and HIV treatments. The firm’s boss, Emma Walmsley, hailed an “excellent second quarter performance”. The ...

31 Jul 2024 at 08:19

City

GSK offloads £800m stake in healthcare spin-off Haleon

Pharmaceutical giant GSK has sold more than £800 million of shares in its spin-off healthcare group Haleon. The FTSE 100-listed group said it has offloaded 240 million shares – around a 2.6% stake – a week after Pfizer ...

12 May 2023 at 10:26

Local News

Derry charity tackling depression wins top UK health award

AWARE NI, a charity founded in Derry has won a major national award for its work offering support and education for people with depression and bipolar disorder across Northern Ireland. Following a rigorous selection ...

05 Mar 2024 at 00:33

Medicine price rises ‘necessary’ to secure investments, science minister says

An increase in the price the NHS pays for medicines will be “necessary” to prevent pharmaceutical investments from continuing to leave the UK, science minister Lord Patrick Vallance has said. Major firms have ...

25 Sept 2025 at 11:35

City

GSK attacks ‘meritless claims’ over heartburn drug Zantac

GSK and its consumer spin-off brand Haleon have hit back at market speculation over heartburn drug Zantac that sent its shares plummeting on Thursday. Pharma giant GSK bashed the “meritless claims” which ...

12 Aug 2022 at 12:21

City

Unilever sees future in health and beauty after £50bn bid for GSK unit revealed

Unilever has said that its future lies in health, beauty and hygiene businesses after its £50 billion bid for GSK’s consumer unit was revealed over the weekend. The business said that it wants to move ...

17 Jan 2022 at 09:55

City

GSK to be paid up to £370 million after patent row settles in US

Drug maker GSK has secured a payment of up to 500 million dollars (£372 million) after a patent row over Covid vaccines was settled in the US. GSK told investors it will receive a 370 million dollar ...

08 Aug 2025 at 11:12

City

GSK wins US personal injury case over Zantac use

Pharmaceutical giant GSK has won a potentially expensive personal injury case in the US over its heartburn medicine Zantac. Angela Valadez, an 89-year-old woman living in the state of Illinois, ...

24 May 2024 at 10:55

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