The Latest Breaking News from GlaxoSmithKline

Riot in ranks sends ‘strong message’ against tilt at GlaxoSmithKline’s consumer division

Under-pressure Unilever CEO Alan Jope today tried to placate restless investors with “red meat” offerings as he tries to move on from a botched bid for GlaxoSmithKline’s consumer healthcare business.

Unilever products include Domestos bleach, Ben & Jerry's ice cream and Hellman’s mayonnaise. The announcement comes after it lost a takeover bid for GlaxoSmithKline - the maker of Aquafresh toothpaste and Panadol

Fund manager Terry Smith made a fresh attack on Unilever following the collapse of its bid for GlaxoSmithKline’s consumer-health unit, saying the Dove soap maker needs to focus more on fixing its own business.

LONDON: Consumer goods giant Unilever on Wednesday said it would not increase a £50-billion offer for the consumer healthcare unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.

Unilever, the maker of Vaseline skin care products and Dove soap, says it won’t increase a 50 billion-pound ($68.2 billion) offer for GlaxoSmithKline’s consumer healthcare unit that was rejected last week

Unilever has effectively ruled out a fourth takeover approach for GlaxoSmithKline’s consumer healthcare business after vowing not to increase its offer.

Unilever said Wednesday that it won't increase its $68 billion offer for GlaxoSmithKline's healthcare division.

Stock Futures Slump As Bond Yields, Oil Prices Leap; Week Ahead: Earnings in Focus After Mixed Q4 Start; Airlines Warn On 5G Disruption After Another Chaotic Weekend For Flights; Activision Blizzard Confirms Firings in Sexual Harassment Probe and GlaxoSmithKline Rejects $68 Billion Unilever Bid For Consumer Goods Division.