Teva formalises offer to acquire Mylan for $82 a share in cash and stock

Teva Pharmaceuticals has launched a bid to acquire sector peer Mylan in a cash and stock deal.

Teva launches cash and shares bid for Mylan

Teva Pharmaceuticals has announced a cash and shares bid for US rival Mylan at $82 per share.

Rio Tinto maintains full-year production guidance

Australian iron ore miner Rio Tinto will meet its full-year production targets despite lower than expected iron-ore shipments as a result of poor weather and transport delays.

Holborn building collapses, hundreds evacuated

A six-storey building in central London collapsed on Monday evening, driving around 200 people from the building sites and surrounding properties to evacuation points.

UK unemployment falls 5.6% to 1.84m between December & February, ONS says

Unemployment in Britain fell 5. 6% to 1. 84m between December and February, figures released on Friday showed.

Spanish customs officials search house of ex-IMF head Rato

On Thursday Spanish customs officials searched ex-International Monetary Fund Managing (IMF) Director Rodrigo Rato's house in Madrid, after tax inspectors uncovered irregularities in his tax filings.

EU formally charges Google for competition violations in web search

European competition regulators have formally charged Google for abusing its dominant position in the internet search market and also announced it has started a probe into the search and technology giant's Android operating system.

Standard&Poor's downgrades Greece's sovereign debt rating

On Wednesday evening ratings agency Standard&Poor's (S&P) downgraded its long-term rating on Greece.

Protester steals the show as ECB keeps main policy rates unchanged

A protester stole the limelight at the European Central Bank's press conference on Wednesday after announcing no surprises in policy measures.

ECB press conference interrupted by protester

The European Central Bank governor Mario Draghi's press conference was briefly interrupted after a protester lurking among the crowd of journalists jumped on the table of the central bank's president while screaming "end ECB dictatorship".

Intel shares rise following quarterly results

Semiconductor manufacturer Intel Corp. on Tuesday reported somewhat mixed financial figures for the first quarter of 2015, although its full-year sales guidance beat forecasts and gross margins improved.

IMF cuts estimates for US growth, global forecast maintained

The International Monetary Fund has reduced its forecast US economic growth this year to 3. 1% from 3. 6% previously.

US Treasuries gain despite solid retail sales report

Retail sales Stateside recovered from the weakness over the previous three months, led by a strong recovery in automobile sales.

NIESR says GDP to slow in blow to the coalition

The UK’s gross domestic product (GDP) grew at 0. 6% quarter–on-quarter pace in the first quarter of 2015, according to a prestigious think-tank.

Political uncertainty continues to weigh on sterling

The possibility of a coalition government between Labour and the Scottish National Party (SNP) coming to power in Westminster continues to weigh on sterling in the run-up to the elections.

M&A more than just tie-ups; underlying health of market robust

Mergers and acquisitions are more than just about companies getting hitched, willingly or unwillingly.

HSBC's Swiss arm to face French criminal investigation

The Swiss private banking arm of HSBC has been placed under a formal criminal investigation by French magistrates over alleged tax-related offences.

French authorities launch formal criminal investigation into HSBC's Swiss banking arm

US jobless claims rise 14k, but monthly average hits 15-year low

Claims for unemployment benefits in the States rose by 14,000 last week, though the monthly moving average fell to its lowest level since 2000.

Bank of England keeps rates unchanged

The Bank of England has maintained Bank Rate at 0. 5%, as expected.