Headline News
General Mills to buy Whitebridge Pet Brands for $1.45bn
General Mills said on Thursday that it has agreed to buy Whitebridge Pet Brands’ North American premium cat feeding and pet treating business for $1. 45bn.
EU fines Meta EUR 798m over Facebook Marketplace competition concerns
The European Union has imposed a €797. 72m fine on Facebook’s parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online classifieds business.
Syncona launches Slingshot platform with £12.5m investment
Syncona announced the launch of Slingshot Therapeutics, a new portfolio company and accelerator dedicated to developing early-stage life science programs sourced from academia, on Thursday.
Chancellor to shake-up council pension schemes
Rachel Reeves is to use her first Mansion House speech as chancellor to unveil a slew of reforms to UK pension rules.
Burberry surges on turnaround plan despite plunging sales
Shares in Burberry surged on Thursday as the luxury goods brand launched a review of the business in an “urgent” effort to turnaround its struggling fortunes after slumping to a £80m half-year loss driven by plunging sales in its key Chinese market.
House prices continue to climb - Rics
UK house prices continued to rise in October, a closely-watched survey showed on Thursday, as the market benefited from lower borrowing costs.
Data centre surge drives growth for Siemens
Siemens reported significant gains in the past year on Thursday, driven by robust demand in energy and electrification sectors, despite ongoing challenges in its business divisions.
Shares spark as ASML reiterates long-term growth plans
Shares in ASML Holding rallied on Thursday, after the Dutch tech giant reiterated long-term targets, including annual revenues of up to €60bn.
Keller on track for full year but Europe markets weak
Keller said on Thursday that it remained on track to deliver a full-year performance in line with expectations as it announced the appointment of a new chairman, but shares in the geotechnical specialist contractor slumped as it pointed to weak activity levels in Europe.
Assura hails 'transformative' first half as earnings spark
Real estate investment trust Assura posted improved rental income and earnings on Thursday, following a "transformative" first half.
Petershill partially sells Accel-KKR stake for $282m
Petershill Partners announced the partial sale of its stake in Accel-KKR (AKKR) on Thursday, generating a nominal consideration of $282m.
Great Portland Estates flags fall in half-year earnings
Great Portland Estates reported a fall in earnings per share in an update on Thursday, despite progress in strategic acquisitions and resilient leasing performance.
GSK's Blenrep shows strong survival benefit in myeloma study
GSK reported positive results from its phase three ‘DREAMM-7’ trial on Thursday, highlighting a significant overall survival benefit for ‘Blenrep’, or belantamab mafodotin, in patients with relapsed or refractory multiple myeloma.
Premier Foods sales rise as easing inflation allows customers a 'treat'
Premier Foods reported higher first-half revenues and profits as easing inflation allowed consumers to “treat themselves more” to its range of products.
WH Smith hails strong UK travel performance as FY profits rise
WH Smith reported a jump in full-year profit and revenue on Thursday as it hailed a particularly strong performance from the UK travel business and over the summer.
B&M reiterates full-year guidance
B&M European Value Retail reiterated its full-year outlook on Thursday after half-year sales ticked higher.