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Bitter pill for newcomer Haleon as slide continues
Evening Standard
|July 19, 2022
New approach: Tim Cook launches the iPhone 13. Apple now intends to slow hiring and spending growth to prepare for tough trading conditions
HALEON'S tough start to life continued today as shares in GSK's former consumer healthcare division slumped to the bottom of the FTSE 100 index.
The Weybridge-based maker of Sensodyne, Panadol and Centrum made its debut yesterday in Europe's biggest stock market listing for a decade, with shares priced for the economic conditions at 330p and a lower-than-expected valuation of £30.5 billion.
The newcomer dived below 300p today, down by a further 5% or 14.70p to 293.65p after Monday's lacklustre opening day performance.
This story is from the July 19, 2022 edition of Evening Standard.
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