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Summary
- GlaxoSmithKline has announced an alliance with iTeos to co-develop cancer treatment antibody drug.
- Lloyds Banking Group appointed a new independent Non-Executive Director.
- BT Group shares hit a new 52-week high after investment by French-based Altice Group.
London’s benchmark index FTSE 100 ended in red at 7,153.43, on 17 June, the index is likely to extend the weakness in early hours on the last trading day of the week. However, there are many individual stocks that keep the markets buzzing.
Here, we are going have a look at 3 FTSE100 listed companies who are keeping the market in action:
GlaxoSmithKline Plc (LON: GSK):
The multinational pharmaceutical company, along with its subsidiaries, operates in the development, manufacturing and marketing of prescribed medicines, vaccines and health related consumer products.
The company recently announced an agreement to co-develop and sell a potential cancer treatment EOS-448 antibody drug with Boston-based iTeos with this agreement iTeos will receive a $625 million upfront payment and is eligible for $1.45 billion additional payment if the co-development program achieves certain milestones as well as royalty payments on the US sales.
The GSK shares closed at GBX 1,434.20, down by 0.08% on 17 June, with market-cap of £72.2 billion, and the 52-week range for the stock is GBX 1,190.80/ 1,678.62, the stock has given a YTD return of ~7 %.
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Lloyds Banking Group Plc (LON: LLOY):
London based Lloyds Banking Group Plc offers an array of banking and financial services to over 25 million customers. The company operates through three key segments, i.e. Retail, commercial banking solutions and Insurance/wealth management.
Recently, London based lender appointed Harmeen Mehta as an Independent Non-Executive Director. The appointment will be effective from 1 November 2021. She has 25 years of experience in leading digital and IT innovation and currently works as Chief Digital and Innovation Officer for BT Group Plc.
The LLOY shares closed at GBX 47.95, on 17 June, with market-cap of £34.50 billion. The 52-week range for the stock is GBX 23.59/59.94. In the last 1-year, the stock has delivered a 46.58% return to its shareholders.
BT Group Plc (LON:BT.A):
UK’s leading communication and network provider serves customers from 180 countries and provides an array of services like voice and data service, security and network, managed services all over the world. The company has four key segments: Consumer, Enterprise, Global and also has a wholly owned subsidiary Openreach.
French-based Altice Group has invested £2.2 billion in BT Group for a 12.1% stake, becoming the largest shareholder in the company. BT Group’s stake will be held by Altice UK, a new company established by Altice.
Also Read: BT Group PLC (LON: BT.A) announces recruitment plans
Altice Group, the second-largest telecom company in France, is founded and headed by Billionaire Patrick Drahi. He said Altice would use its proficiency to help BT grow its high-speed broadband internet network.
The share of BT Group closed higher at GBX 205.60, on 17 June, with a market cap of £19.8 billion, and the 52-week range for the stock is GBX 94.77/205.69. In the last 1-year, the stock has delivered a 73.64% return to its shareholders.
