GSK (GSK)

Sector:

Pharma and Biotech

Index:

FTSE 100

1,775.00p
   
  • Change Today:
    -8.50p
  • 52 Week High: 1,812.50p
  • 52 Week Low: 1,316.00p
  • Currency: UK Pounds
  • Shares Issued: 4,144.92m
  • Volume: 9,685,447
  • Market Cap: £73,572m
  • RiskGrade: 129

GSK 'sticks two fingers up' as workers vote for strike action

By Josh White

Date: Wednesday 19 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Pharmaceuticals giant GSK is set to face a series of walkouts throughout May, it emerged on Wednesday, as hundreds of its workers who are members of the Unite union voted for strike action over a pay dispute.
The union said 750 workers rejected GSK's offer of a 6% pay increase and a one-off lump sum of £1,300, which remained significantly below what it described as the current true inflation rate of 13.5%.

It said the workers would stage strike action at six UK sites, including Barnard Castle, Irvine, Montrose, Ware, Worthing and Ulverston, on different dates and times, in a bid to maximise the impact of the industrial action.

The workers participating would include engineers, process technicians, laboratory analysts, warehouse workers and fire officers.

"Strike action will inevitably result in widespread disruption across GSK's operations, but the company has brought this dispute on itself," said Unite national officer Tony Devlin.

"It has had every opportunity to make a pay offer which meets member expectations, but it has failed to do so.

"GSK has effectively stuck two fingers up to its workforce by walking away from the pay negotiations."

Unite said the strike action came on the back of GSK's latest operating profit announcement of £8.15b - a 26% year-on-year increase.

The company was accused of offering its workers a substantial real terms pay cut.

"This is an incredibly wealthy company that can fully afford to pay its workers a fair pay offer," said Unite's general secretary Sharon Graham.

"This is a classic example of a company seeking to further boost its profits at the expense of its workers.

"Unite has a laser-like focus on defending and enhancing the jobs, pay and conditions of its members and the workforce at GSK will be receiving Unite's complete support."

At 1303 BST, shares in GSK were up 0.22% at 1,487.2p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GSK Market Data

Currency UK Pounds
Share Price 1,775.00p
Change Today -8.50p
% Change -0.48 %
52 Week High 1,812.50p
52 Week Low 1,316.00p
Volume 9,685,447
Shares Issued 4,144.92m
Market Cap £73,572m
RiskGrade 129

GSK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.05% below the market average69.05% below the market average69.05% below the market average69.05% below the market average69.05% below the market average
45.1% below the sector average45.1% below the sector average45.1% below the sector average45.1% below the sector average45.1% below the sector average
Price Trend
47.89% above the market average47.89% above the market average47.89% above the market average47.89% above the market average47.89% above the market average
62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average
Income
2.90% above the market average2.90% above the market average2.90% above the market average2.90% above the market average2.90% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
20.71% below the market average20.71% below the market average20.71% below the market average20.71% below the market average20.71% below the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average

What The Brokers Say

Strong Buy 8
Buy 5
Neutral 9
Sell 2
Strong Sell 0
Total 24
buy
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GSK Dividends

  Latest Previous
  Q1 Q4
Ex-Div 16-May-24 22-Feb-24
Paid 11-Jul-24 11-Apr-24
Amount 15.00p 16.00p

Trades for 17-May-2024

Time Volume / Share Price
16:51 423 @ 1,775.00p
16:37 20,200 @ 1,771.97p
16:36 10,580 @ 1,775.00p
16:35 3,357,820 @ 1,775.00p
16:35 2,092 @ 1,775.00p

GSK Key Personnel

CEO Emma Walmsley

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