Share Prices & Company Research

Market News

19 Dec 2018 | 11:52

GSK helps inject some optimism ahead of US rates decision

The FTSE 100 was gathering strength by midday, up 0.9% to 6,762.04, investors hoping today's expected rate hike from the US Federal Reserve will be accompanied by guidance for a slower pace of increases going forward.

US futures markets predicted a higher open on Wall Street and European markets were also trading higher too.

Pharmaceutical giant GlaxoSmithKline rallied 7.6% to £15.58 after it announced the formation of a new consumer healthcare joint venture with Pfizer that could be listed separately on the stock exchange.

Rival drug company Shire gained 2.2% to £44.67.


Online gambling group 888 gained 7.4% to 182.5p on announcing that it remained confident that adjusted earnings for the full year would be in-line with its expectations, citing progress against strategic objectives in the second half.


Flybe shares rocketed 13.2% higher to 17.2p after Virgin Atlantic confirmed that it was still mulling a takeover of the UK regional carrier.

Oil rig maintenance vessel outfit Gulf Marine Services tumbled 72% to 9.2p after it warned it would breach its debt covenants amid pressure on earnings from an industry oversupply of vessels.

Silence Therapeutics rallied 5.5% to 57.8p on announcing that it had identified a new potential treatment candidate for cardiovascular disease.

James Fisher and Sons added 0.7% to £17.12 after it won a £30m contract to construct a search and rescue vessel for the Korean navy.

Embattled power retailer Yu Group plunged another 28.9% to 76.4p on the back of revelations it is being investigated by the UK's Financial Conduct Authority over the accuracy of its market filings.

Renewable fuels group Velocys gained 10% to 4.45p as it secured a site for its UK waste-to-jet-fuel project, being developed in collaboration with British Airways and Shell.

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.