Headline News
BioNTech to acquire China's Biotheus in $800m deal
German biotechnology company BioNTech announced the $800m acquisition of Chinese biotech firm Biotheus on Wednesday, in a bid to further strengthen its oncology pipeline.
Sweden’s Klarna files for US IPO
Swedish buy-now-pay-later firm Klarna has filed paperwork with the US Securities and Exchange Commission as it looks to list in the US.
Babcock profits jump on global instability, govt defence demand
UK weapons maker Babcock reported a sharp jump in half-year profits and held annual guidance as geopolitical tensions increased demands from governments for military hardware.
GCP Infra pays down debt in third quarter
GCP Infrastructure Investments released its latest quarterly investor update on Wednesday, reporting a net asset value of 105. 22p per share as at 30 September, with the diversified portfolio valued at about £1bn, comprising 50 investments that included partial inflation protection.
Workspace opens first 'net zero' building in Islington
Workspace Group announced the opening of its first ‘net zero’ building, Leroy House in Islington, on Wednesday, after transforming a historic 1930s watchmaker’s factory into a 57,000 square foot sustainable workspace to meet strong demand from small-to-medium enterprises.
Post Office to offload more than 100 branches
More than 100 Post Office branches are facing closure, it was announced on Wednesday, as the state-owned business announced plans to overhaul itself in the wake of the Horizon IT scandal.
Thames Water secures backing for £3bn lifeline
Thames Water has received backing to take out a £3bn emergency loan, it confirmed on Wednesday, as the vastly-indebted utility tries to stave off a cash crunch.
Intermediate Capital reports half-year of growth
Intermediate Capital Group total assets under management rose to $106bn at the end of its first half, it reported on Wednesday, as fee-earning assets under management were up 4% from 31 March to $73bn.
Flutter Entertainment lifts full-year guidance
Shares in Flutter Entertainment jumped on Wednesday as the Betfair owner lifted its full-year revenue and EBITDA guidance and posted a narrowing of its net losses.
Experian posts steady first-half growth
Experian reported steady first-half growth on Wednesday, driven by a strong performance across its regional markets and business segments.
Profits fire up at SSE, chief executive to step down
SSE’s long-standing chief executive is to stand down, the blue chip confirmed on Wednesday, as it posted a jump in half-year earnings.
Just Eat to sell Grubhub to Wonder Group for $650m
Just Eat Takeaway said on Wednesday that it has agreed to sell US business Grubhub to Wonder Group for $650m.