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Momentum continues for 3i in third quarter
Venture capital company 3i Group described a “robust performance” from its portfolio companies in the third quarter on Thursday, and continued investment momentum.
Sage Q1 in line, exploring possible sale of US payments business
FTSE 100 software company Sage said trading in the first quarter has been in line with its expectations and it is confident of achieving guidance of at least 6% organic revenue growth for the year, as it announced the possible sale of its US payments business.
Thursday newspaper round-up: Car industry, Southern, Barratt Developments
The car industry has told Theresa May that the introduction of tariffs after Britain leaves the EU is a “red line” issue that would lead to a fall in sales and potentially result in job losses. In a severe warning about the consequences of a hard Brexit, Mike Hawes, the chief executive of the Society of Motor Manufacturers and Traders, said tariffs would make UK car plants uncompetitive and it was critical that any trade deal with the EU contained some of the benefits of the single market and customs union.
Johnson & Johnson agrees takeover of Actelion for $30bn
Johnson & Johnson, the world's biggest healthcare company, has agreed to acquire Europe’s biggest biotech company, Switzerland-based Actelion, for $30bn in cash.
London pre-open: Stocks seen higher ahead of GDP figures
London stocks were set for a firmer open on Thursday, taking their cue from a positive session in the US, where the Dow powered through the 20,000 mark for the first time and ahead of some key UK economic growth figures.