Headline News
Sidara's takeover deadline for Wood Group extended
Wood Group said on Wednesday that the deadline for Sidara to either announce a firm intention to make an offer or walk away has been extended as the Dubai-based engineering and consultancy firm needs more time for due diligence.
US services sector activity shrinks very sharply in June, ISM says
Services sector activity in the US slowed very sharply last month, a closely followed survey showed.
US job cut announcements drop again in June, Challenger says
Job cut announcements appeared to repeat the pattern observed in 2023, dropping quickly in June, the results of a closely followed survey revealed.
Quest Diagnostics to buy Canada’s LifeLabs for $985m
Quest Diagnostics said on Wednesday that it has agreed to buy LifeLabs, a Canadian provider of community laboratory tests, for about $985m including debt.
US foreign trade deficit shrinks a tad more quickly than expected in May
America's shortfall on trade with the rest of the world increased slightly in May, as both domestic and foreign demand softened.
US private sector adds fewer jobs than expected in June - ADP
Private sector employment in the US rose less than expected in June, according to figures released on Wednesday by ADP.
National Amusements tentatively agrees Paramount deal - reports
Shares in Paramount Global surged on Wednesday, on reports National Amusements has struck a tentative deal to sell its controlling stake in the US entertainment giant.
Wizz Air president departs airline
The president of Wizz Air Holdings has left the budget airline, it was confirmed on Wednesday, prompting a shake-up of senior management.
Election uncertainty weighs on UK service sector - PMI
The pace of growth in the UK service sector softened in June, a closely-watched survey showed on Wednesday, weighed down by the forthcoming general election.
Economic growth softens in Eurozone - PMI
Growth in the Eurozone softened in June, a closely-watched survey showed on Wednesday, as a resurgent services sector failed to offset the slump in manufacturing.
Baltic Classifieds Group reports strong full-year performance
Baltic Classifieds Group reported a strong full-year performance across its business lines on Wednesday.
GSK restructures vaccine collaboration with CureVac
GSK announced on Wednesday that it has restructured its collaboration with CureVac into a new licensing agreement, granting GSK exclusive rights to develop, manufacture, and globally commercialise mRNA-based candidate vaccines for influenza and Covid-19.
Cairn reaffirms outlook on strong first half
Cairn Homes reiterated its full-year outlook on Wednesday, after interim revenues surged on the back of bumper demand.
China service sector growth eases to eight-month low - Caixin
Growth in China’s services sector eased to an eight-month low in June, according to data released on Wednesday.
Vodafone in new network tie-up with Virgin Media O2
Vodafone UK and Virgin Media O2 have agreed to extend and enhance their existing mobile network sharing agreement for more than a decade, forming a new company that will invest £11bn in the project.