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FTSE 100 movers: GSK gains on acquisition; St James's Place falls

(Sharecast News) - London's FTSE 100 was flat at 7,692.41 in afternoon trade on Tuesday. GSK gained ground as it announced the acquisition of Aiolos, a clinical-stage biopharmaceutical company focused on treatment of respiratory and inflammatory conditions, for up to $1.4bn.

B&M European Value Retail was in the black as it reiterated its full-year guidance, declared a special dividend, and posted a 5% jump in third-quarter sales.

The discount retailer said it still expects group adjusted EBITDA of between £620m and £630m for FY24, up from £573m a year earlier.

In an update for the 13 weeks to 23 December, the company said group revenues jumped 5% to £1.65bn. However, this was a slowdown from the 6.2% growth seen in the first half.

St James's Place was under the cosh after Jupiter Fund Management warned that net outflows for 2023 would be higher than expected.

FTSE 100 - Risers

Hikma Pharmaceuticals (HIK) 1,886.00p 1.29% BP (BP.) 466.50p 1.09% GSK (GSK) 1,565.80p 1.08% Reckitt Benckiser Group (RKT) 5,574.00p 1.05% BAE Systems (BA.) 1,157.00p 1.05% Rolls-Royce Holdings (RR.) 308.30p 1.02% F&C Investment Trust (FCIT) 940.00p 0.97% Scottish Mortgage Inv Trust (SMT) 768.80p 0.84% B&M European Value Retail S.A. (DI) (BME) 566.20p 0.78% AstraZeneca (AZN) 10,848.00p 0.71%

FTSE 100 - Fallers

Beazley (BEZ) 533.50p -3.35% RS Group (RS1) 766.80p -2.52% JD Sports Fashion (JD.) 116.65p -2.26% Ocado Group (OCDO) 719.00p -2.10% Intermediate Capital Group (ICP) 1,575.50p -2.05% Marks & Spencer Group (MKS) 285.20p -1.82% Kingfisher (KGF) 226.90p -1.82% WPP (WPP) 757.40p -1.79% Flutter Entertainment (CDI) (FLTR) 13,240.00p -1.74% St James's Place (STJ) 636.80p -1.70%

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