Director dealings: GSK executive lowers stake
GlaxoSmithKline company Victoria Whyte disposed of 5,199 ordinary shares in the UK's biggest drugs company on Tuesday.
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Whyte, who joined GSK's corporate secretariat more than 30 years ago, sold the shares at an average price of 1,553.80p each, for a total transaction value of £80,782.06.
Just last week, GlaxoSmithKline reported full-year sales of more than £30bn last Wednesday but warned that earnings in the current year would be hurt by generic competition to its blockbuster asthma treatment.
GSK revealed 2018 group sales were £30.8bn, for a 2% increase on the previous year, while pre-tax profits were ahead by 36% at £4.8bn.
Fourth-quarter sales came in at £8.2bn and adjusted earnings per share at 31.2p. Analysts had been looking for adjusted EPS of around 27.7p.
As of 1630 GMT, GSK shares had picked up 0.40% to 1,551.80p.
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Value: £80,782.06