City & Markets 28 October 2026, 10:38 GMT

GSK shares dive as weaker sales and mounting costs unnerve investors

Trade Hub UK regulation desk (2026-10-28): British pharma company reports declining profits amid weaker vaccine sales and looming patent loss for blockbuster HIV drug Shares in GSK slid on Wednesday… Primary source: original at Guardian Markets (theguardian.com).

By Guardian Markets

GSK shares dive as weaker sales and mounting costs unnerve investors

British pharma company reports declining profits amid weaker vaccine sales and looming patent loss for blockbuster HIV drug

Shares in GSK slid on Wednesday despite the UK drugmaker reporting better-than-expected financial results, as investors were unnerved by weaker vaccine sales, restructuring charges and its overall outlook.

Britain’s second-biggest pharmaceutical company reported a 19% decline in pre-tax profit to £1.9bn in the July to September quarter and £318m of restructuring charges, with more to come.

Source: Guardian Markets