FTSE 100 movers: GSK slumps after results; DCC surges on bid approach

29th Apr 2026 14:37

(Sharecast News) - London's FTSE 100 was down 1.3% at 10,198.20 in afternoon trade on Wednesday.

GSK was under the cosh despite posting above-forecast first-quarter profit, boosted by robust demand for its specialist HIV and oncology drugs.

St James's Place lost ground as it reported a drop in first-quarter funds under management, citing a decline in global markets.

Haleon also fell as the Panadol owner said a poor cold and flu season had weighed on first-quarter sales, but reiterated full-year guidance.

DCC surged to the top of the index as the sales, marketing and support services group confirmed it had received a cash takeover proposal from US investment firms Energy Capital Partners and KKR.

"The board of DCC is evaluating the proposal together with its advisers and a further announcement will be made in due course," it said. It added that there can be no certainty that any firm offer will be made, nor as to the terms on which any firm offer might be made.

Under UK takeover rules, the consortium has until 1700 BST on 10 June to either announce a firm intention to make an offer or walk away.

Intertek rallied, having slumped on Monday after saying it rejected a revised takeover proposal from Swedish private equity firm EQT at 5,400p per share, up from 5,150p.

FTSE 100 - Risers

DCC (CDI) (DCC) 6,045.00p 12.08%

Intertek Group (ITRK) 4,776.00p 4.33%

Smurfit Westrock (DI) (SWR) 3,002.00p 3.77%

Glencore (GLEN) 558.20p 1.47%

Flutter Entertainment (DI) (FLTR) 8,106.00p 1.42%

Lion Finance Group (BGEO) 11,000.00p 1.29%

Mondi (MNDI) 745.00p 1.25%

Croda International (CRDA) 2,872.00p 1.23%

Smiths Group (SMIN) 2,544.00p 1.07%

Babcock International Group (BAB) 1,106.50p 1.05%

FTSE 100 - Fallers

GSK (GSK) 1,883.00p -7.10%

St James's Place (STJ) 1,174.50p -5.43%

Haleon (HLN) 335.20p -4.22%

Next (NXT) 12,860.00p -3.52%

Burberry Group (BRBY) 1,134.20p -3.12%

3i Group (III) 2,527.50p -2.55%

Persimmon (PSN) 1,047.50p -2.42%

Berkeley Group Holdings (The) (BKG) 3,162.00p -2.22%

Kingfisher (KGF) 280.30p -2.20%

Land Securities Group (LAND) 579.50p -2.19%