FTSE 100 movers: GSK gains on Hengrui Pharma partnership; BT falls

(Sharecast News) - London's FTSE 100 was down 0.7% at 9,058.63 in afternoon trade on Monday. GSK gained as it entered into a partnership with Chinese pharmaceutical outfit Hengrui Pharma to jointly develop up to 12 medicines, in a deal that could be worth up to $12bn.

The pharmaceuticals group said in a statement that the agreement provides it with new growth opportunities beyond 2031.

BT Group was the biggest loser on the index, having surged last Thursday on the back of a trading statement in which it hailed a "solid" start to the year.



FTSE 100 - Risers

Smurfit Westrock (DI) (SWR) 3,648.00p 2.30% Flutter Entertainment (DI) (FLTR) 22,740.00p 1.70% Rightmove (RMV) 792.40p 1.54% CRH (CDI) (CRH) 7,446.00p 1.39% Intertek Group (ITRK) 4,966.00p 1.10% Barclays (BARC) 364.20p 1.03% BP (BP.) 401.50p 0.93% Reckitt Benckiser Group (RKT) 5,628.00p 0.79% Land Securities Group (LAND) 589.00p 0.77% GSK (GSK) 1,403.00p 0.75%

FTSE 100 - Fallers

BT Group (BT.A) 212.60p -4.54% Marks & Spencer Group (MKS) 346.80p -2.31% Vodafone Group (VOD) 83.24p -2.14% Glencore (GLEN) 311.75p -2.04% Babcock International Group (BAB) 1,022.00p -2.01% Diageo (DGE) 1,941.50p -1.75% Centrica (CNA) 160.10p -1.63% Rio Tinto (RIO) 4,604.00p -1.62% Taylor Wimpey (TW.) 108.95p -1.58% Kingfisher (KGF) 274.70p -1.51%