Today: 3 July 2026

GSK beats 2025 sales targets — but new CEO warns 2026 growth will cool

GSK beats 2025 sales targets — but new CEO warns 2026 growth will cool

GSK is projecting slower sales growth in 2026 under new CEO Luke Miels, who took over from Emma Walmsley earlier this year. The company is bracing for patent expiries on its leading HIV drugs starting in 2028. It now expects revenue growth of 3% to 5% at constant currency, while warning that vaccines and general medicines sales might decline. Shares climbed 1.4% by 0809 GMT after an initial drop. Core earnings per share for Q4 came in at 25.5 pence, supported by an 8% sales increase to £8.62 billion. This marks the first time Miels has laid down concrete targets. The company needs to sustain its cash flow while ramping up new product launches and advancing late-stage trials.
4 February 2026
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British American Tobacco share price: BAT stock near 1-year high as buyback ticks on before results

British American Tobacco share price: BAT stock near 1-year high as buyback ticks on before results

London, February 4, 2026, 07:59 GMT — Premarket British American Tobacco repurchased 117,545 shares on Tuesday under its ongoing buyback programme, paying a volume-weighted average price of 4,475.9562 pence per share—a figure that factors in the number of shares traded at each price. The company intends to cancel these shares, which will leave 2,176,662,435 shares outstanding after the cancellation, not counting treasury shares.
4 February 2026
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Glencore share price in focus: $9bn Congo stake talks land as Rio Tinto deadline nears (GLEN.L)

Glencore share price in focus: $9bn Congo stake talks land as Rio Tinto deadline nears (GLEN.L)

London, Feb 4, 2026, 07:50 GMT — Premarket Glencore shares are under the spotlight ahead of Wednesday’s London session after the miner revealed it has signed a non-binding memorandum of understanding. The deal could hand a U.S.-backed group a 40% stake in its copper and cobalt operations in the Democratic Republic of Congo. The stock last closed at 517.30 pence, up 16.30 pence, according to Glencore’s share-price feed.
4 February 2026
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Stock Market Today

  • UK REITs Post Mixed Moves on M&A, SEGRO Jumps, Others Lag in June
    July 3, 2026, 6:28 AM EDT. UK REITs traded unevenly in June as M&A news drove some sharp moves. The sector added 1.5% for the month and 4.5% for the quarter but still fell 5.4% over the first half of 2024 with investors watching inflation and geopolitics. SEGRO climbed more than 20% after it rejected a bid from Prologis, saying the offer undervalued the company. Tritax Big Box and Schroder European REIT also rose, each citing progress on projects or wind-down plans. Ground Rents Income Fund underperformed as leasehold reform and a 40% NAV drop weighed. Alternative Income REIT slipped after receiving a low takeover approach. M&A deals and shifting portfolios set the tone for the sector during the month.
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