GSK leads FTSE 100 higher after rejecting Unilever offer for consumer arm | Malay Mail

17/1/2022 4:12:00 PM

GSK leads FTSE 100 higher after rejecting Unilever offer for consumer arm | Malay Mail

Gsk, Uk Stocks

GSK leads FTSE 100 higher after rejecting Unilever offer for consumer arm | Malay Mail

LONDON, Jan 17 — Healthcare firm GlaxoSmithKline led London’s FTSE 100 higher today after rejecting a £50-billion (RM285-billion) buyout offer for its consumer arm from Unilever, while energy and mining stocks also provided support. The blue-chip FTSE 100 index gained 0.7 per cent, with miner...

channel for the latest updates.LONDON, Jan 17 — Healthcare firm GlaxoSmithKline led London’s FTSE 100 higher today after rejecting a £50-billion (RM285-billion) buyout offer for its consumer arm from Unilever, while energy and mining stocks also provided support.

The blue-chip FTSE 100 index gained 0.7 per cent, with miner Glencore and energy majors BP and Royal Dutch Shell among the biggest boosts to the index.GlaxoSmithKline jumped 4.7 per cent after it said over the weekend that it had rejected Unilever’s offer for its consumer goods arm and would stick to its plan of spinning off the unit.

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Unilever to weigh raising offer for Glaxo consumer unit — sources(Jan 17): Unilever plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline plc’s consumer products division, according to people familiar with the matter. Some financial firms have discussed lending enough for a bid higher than £50 billion (US$68 billion or about RM286.04 billion), the latest of three offers Glaxo has rejected for a bundle of brands including the Advil painkiller and Sensodyne toothpaste.Unilever hasn’t made a final decision on using the firepower, said

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Telegram channel for the latest updates.KUANTAN: Seramai 100 orang pelajar pusat tahfiz di daerah ini akan dijemput dan diraikan pada hari pembukaan Cafe Mari’s Buffet pada awal bulan depan yang terletak di pusat bandar raya ini.A (Jan 17): Unilever plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline plc’s consumer products division, according to people familiar with the matter.Telegram channel for the latest updates.

LONDON, Jan 17 — Healthcare firm GlaxoSmithKline led London’s FTSE 100 higher today after rejecting a £50-billion (RM285-billion) buyout offer for its consumer arm from Unilever, while energy and mining stocks also provided support. The blue-chip FTSE 100 index gained 0. Pengarah Pengurusan Cafe Mari’s Buffet, Datin Nurul Aqilah Zafri berkata, ia sebahagian daripada tanggungjawab sosial korporat (CSR) pihaknya.7 per cent, with miner Glencore and energy majors BP and Royal Dutch Shell among the biggest boosts to the index. Unilever hasn’t made a final decision on using the firepower, said the people, who requested anonymity as they aren’t allowed to speak publicly. GlaxoSmithKline jumped 4. “Beberapa artis popular tanah air bakal diundang membuat persembahan bagi memeriahkan suasana majlis,” katanya dalam kenyataan di sini hari ini.7 per cent after it said over the weekend that it had rejected Unilever’s offer for its consumer goods arm and would stick to its plan of spinning off the unit. “The most important thing is to have had chances, and good situations,” said PSG coach Pochettino.

Unilever shares dropped 6. “Pada waktu malam “dinner” kami menyediakan buffet lebih 15 jenis lauk pauk tradisional dengan pilihan nasi putih, nasi lemak dan nasi minyak. The drugmaker said it’s sticking with plans to spin off the portfolio of brands.6 per cent and were the worst performer on the index. A report said the company was in talks with banks for additional financing to make a potential sweetened offer. Beliau berkata, cafe berkenaan turut menyediakan pentas untuk kegunaan pelanggan bagi apa jua acara. “Paying £50 billion for a business that sells pain relief products and toothpastes comes across as a risky bet and while there appears to be universal consensus that Unilever needs to shake up its business . The pharma giant talked up growth prospects for the unit, formed through a combination of its consumer labels with those of Pfizer Inc, which retains a minority stake.. “Barisan artis yang bakal diundang adalah demi membuat persembahan khas untuk warga Pahang serta orang ramai yang mengunjungi cafe kami,” katanya. Mbappe collected Georginio Wijnaldum’s pass just inside the area, cut inside his man and drilled a fine strike in off the near post to score his 19th goal of the season.

. the price tag for doing so seems a little on the rich side,” CMC Markets analyst Michael Hewson said. Shortly after taking the helm in 2019, Jope signalled that the company was ready to progress past the tamer takeover strategy of former CEO Paul Polman, who had focused on incremental deals in fast-growing sectors such as male grooming and home care. Analysts at Barclays said that Unilever’s offer and the ensuing valuations are very complex to execute in normal times, let alone in the middle of a global pandemic. The domestically focussed mid-cap index rose 0.4 per cent. Last year’s decision by Ben & Jerry’s to stop selling ice cream in Israeli settlements in the occupied Palestinian territories prompted several US states to divest their stakes in Unilever. The hosts had several chances to add another goal, but visiting goalkeeper Marco Bizot pulled off a string of fine saves to keep the score down.

Homebuilders gained 0.5 per cent after a survey showed asking prices for British homes rose by the most in annual terms in nearly six years in early 2022. Taylor Wimpey Plc, the UK’s third-largest housebuilder, added 2. Pandemic effect Some of Unilever’s woes have been outside of Jope’s control.4 per cent after saying it expected annual results in line with its forecasts. Meanwhile, Clinigen Group Plc dropped 0.

9 per cent after agreeing to a sweetened takeover offer by UK-based private equity firm Triton that valued the pharmaceutical services firm at about £1. Unilever now faces the risk of consumers defecting to discounted labels as it raises prices to counter inflation.3 billion (US$1.78 billion). — Reuters You May Also Like . Glaxo is also under pressure from shareholders, including activist fund Elliott Investment Management LP, which has urged the drugmaker to consider a sale rather than a spin-off of the consumer brands.