Headline News
UK shop price inflation slows further in November
Shop prices in the UK continued to decline in November, it was reported on Tuesday, but the rate of deflation slowed, signaling a potential shift in inflationary trends.
Barclays fined £40m over 'reckless' 2008 Qatar deal
Barclays Bank has been fined £40m by Britain’s financial regulator over alleged secret payments to Qatar during the 2008 global financial crisis to avoid a UK government bailout.
Macy's says staffer hid up to $154m in delivery expenses
US retail store chain Macy's has been forced to delay publication of its third-quarter results, after an employee hid up to $154m in delivery expenses, while preliminary results showed sales missed expectations.
ITV surges as suitors said to be circling again
Shares in ITV surged on Monday following a report over the weekend that potential suitors have begun circling the broadcaster again after a prolonged period of share price weakness and renewed questions about its long-term strategic destiny.
UniCredit offers to buy rival Banco BPM in €10bn all-stock deal
Italy’s UniCredit said on Monday that it has offered to buy rival Banco BPM in a €10. 1bn (£8. 4bn) all-stock deal.
AstraZeneca reports positive results from prostate cancer trial
AstraZeneca announced positive results from a phase three prostate cancer trial on Monday, reporting that its AKT inhibitor ‘Truqap’, or capivasertib, in combination with abiraterone and androgen deprivation therapy (ADT), significantly improved radiographic progression-free survival (rPFS) in patients with PTEN-deficient metastatic hormone-sensitive prostate cancer (mHSPC).
Rentokil appoints Paul Edgecliffe-Johnson as CFO
Rentokil Initial said on Monday that it has appointed Paul Edgecliffe-Johnson as chief financial officer with effect from 1 January 2025.
Anglo American sells steelmaking coal unit to Peabody for $3.77bn
Anglo American has agreed to sell its portfolio of steelmaking coal mines that it operates in Australia to Peabody Energy for $3. 77bn in cash as part of its pivot to be a copper, premium iron ore and crop nutrients business.