Glaxo's Vaccines Division Outperforms

FTSE 100 dividend stalwart posts steady results in the first six months and expects better performance in the second half, during which the joint venture with Pfizer will complete

James Gard 24 July, 2019 | 2:16PM

Glaxo

Shares in GlaxoSmithKline (GSK) crept higher after it reported better-than-expected first-half results, helped by strong growth sales growth in its Vaccines division.

First-half turnover was up 5% at £15 billion, while adjusted operating profit was 4% higher at £4.3 billion.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AstraZeneca PLC7,766.00 GBX-1.40
GlaxoSmithKline PLC1,291.80 GBX-0.95

About Author

James Gard  is content editor for Morningstar.co.uk

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