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FTSE 100 Live: London blue-chips in the red, GSK deal 'too big' for some

Economic DataConsumer Demand & RetailHealthcare & BiotechM&A & RestructuringMarket Technicals & Flows

UK retail sales bounced back last month, a supportive sign for consumer demand after a weak period. Separately, GSK agreed to an £8bn takeover of US oncology specialist, highlighting continued deal activity in healthcare and biotech. The FTSE 100 was down 27 points to 10,346, indicating a mildly risk-off market backdrop.

Analysis

UK retail sales bounced back last month, a supportive sign for consumer demand after a weak period. Separately, GSK agreed to an £8bn takeover of US oncology specialist, highlighting continued deal activity in healthcare and biotech. The FTSE 100 was down 27 points to 10,346, indicating a mildly risk-off market backdrop.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20

Ticker Sentiment

GSK0.70