GSK’s Cervarix approved twice by NMPA in China, Vistry launches stock repurchase program

London pre-open

The FTSE 100 was asked to open 29.8 points lower before the bell on Friday after closing a 0.56% higher at 7,564.92 in the previous session.

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British pharmaceutical giant GSK Chinese on friday National Medical Product Management Bureau Approved a two-dose schedule for Cervarix treatment in girls aged 9-14 years to prevent cervical cancer.

Companies listed on the FTSE 100 have added China to the list of approximately 100 countries in Europe, Asia, Africa and Latin America that have given double-dose approval for treatment with the approval of the double-dose regimen by the NMPA. I emphasized that.

House builder Vistry Launched a £ 35m share buyback program as part of an effort to return surplus capital to investors and reduce group-wide share capital.

Vistry said on Friday that the stock repurchase will take place after “a strong start of the year.” This will allow the company to exceed its previous 2022 target for full-year profit margins in both homebuilding and partnerships, and adjusted pre-tax profit at the top of market forecasts.

Newspaper summary

BP After the government announced a storm tax on oil and gas companies, it said it would consider investing in the North Sea. Prime Minister Rishi Sunak plans to raise taxes on North Sea energy companies by 25% on Thursday, with a £ 5 billion increase expected. The abolition clause of the law states that Sunak’s “energy profit tax” will be phased out only when oil and gas prices historically return to normal levels or until December 2025. Means. Guardian

Elon Musk was sued by twitter The investor who delayed the disclosure of his shares in the company Tesla Owners bid for $ 44 billion on social media platforms. Investors said Musk saved $ 156 million because he didn’t reveal that he had bought more than 5% of Twitter by March 14. Musk continued to buy shares, eventually in early April, revealing that he owns 9.2% of the company, according to a proceeding filed Wednesday in a federal court in San Francisco. ―――― Guardian

Used car buyers have faced a long-standing shortage due to the blockade of Covid in China and the shortage of microchips. Auto trader I warned you. According to the company, there is a shortage of new cars due to a global shortage of semiconductors, which are an important factor in automobile manufacturing, and a surge in used cars is occurring among drivers. “Furthermore, the current shortage of new cars is likely to lead to a decline in used car inventories over the next few years,” he added. ―――― Telegraph

Misplaced After the creditors have issued a liquidation petition, they are lining up managers, saying that fast fashion companies are on the verge of collapse. Police were reportedly called to the company’s headquarters in Manchester after an angry supplier appeared with millions of pounds out of his pocket. According to court filings, a liquidation petition was issued to Missguided on May 10 by Manchester-based supplier JSK Fashion. ―――― Telegraph

EY Is looking for a global restructuring that could separate the audit department from the advisory business. Big Four accountants confirmed last night that they were in the “early stage” of separating audit work from the profitable consultancy department. “We regularly evaluate strategic options that could further enhance our EY business in the long run,” he said. “We are in the early stages of this evaluation and no decision has been made.”- Times

US close

Wall Street shares closed well on Thursday as investors continued to digest minutes from FOMC’s latest meeting, second GDP estimate, and many retail returns.

At the closing price, the Dow Jones Industrial Average rose 1.61% to 32,637.19, while the S & P 500 rose 1.99% to 4,057.84 and the Nasdaq Composite Index rose 2.68% to 11,740.65.

Report by Iain Gilbert on Sharecast.com