International Companies
Ford to make 4,000 job cuts across Europe
Automotive giant Ford has announced plans to slash 4,000 jobs across Europe, including 800 UK-based roles.
Company veteran named chief scientific officer at Pfizer
Pfizer has appointed company insider Chris Boshoff as its new chief scientific officer, the US drugs giant confirmed on Wednesday.
E.ON must pay £14.5m over billing failures - Ofgem
E. ON has been fined £14. 5m by the UK watchdog for "unacceptable" billing failures during the cost of living crisis, it was announced on Wednesday.
Target shares sink after big Q3 earnings miss
Shares of Target plunged by nearly a fifth in pre-market trading on Wednesday after the American discount retail chain missed third-quarter profit forecasts by a wide margin and lowered its full-year guidance.
Santander puts aside £295m to cover possible motor finance claims
Profits tumbled at Banco Santander’s UK business, the Spanish lender confirmed on Wednesday, after it set aside nearly £300m to cover potential costs relating to an industry-wide probe into car finance.
UK competition regulator drops probe into Google's Anthropic investment
UK regulators have announced that Google owner Alphabet's investment in AI safety and research company Anthropic doesn't require a full, in-depth probe.
Amcor snaps up packaging rival Berry Global for $8.4bn
Australian packaging group Amcor announced on Tuesday that it is to buying smaller American rival Berry Global in a deal worth $8. 4bn.
Nestle takes wraps off CHF 2.5bn cost-cutting plan
Nestlé unveiled an ambitious cost-cutting initiative and reduced its profit outlook on Tuesday, as new chief executive Laurent Freixe charted a turnaround strategy for the world’s largest food company.
Thyssenkrupp writes down EUR 1bn from steel business
Thyssenkrupp announced a €1bn writedown on its steel division on Tuesday, as the company navigated a costly transition to low-carbon production.
Spirit Airlines files for Chapter 11 bankruptcy protection
Budget carrier Spirit Airlines has filed for Chapter 11 bankruptcy protection as it looks to restructure its debt after merger talks with Frontier collapsed.
Shein planning £50bn London listing early next year - reports
Singapore-domiciled Chinese fast fashion giant Shein is preparing for a highly anticipated initial public offering on the London Stock Exchange in early 2025, it was reported on Monday, targeting a valuation of £50bn.
Tesla shares surge as Trump looks to establish Federal framework for fully self-driving cars
Shares in electric carmaker Tesla surged ahead of the bell on Monday following news that president-elect Donald Trump would look to establish a federal framework for fully self-driving vehicles and make it the Department of Transportation's priority number one.
Pharma stocks tank as Trump names RFK Jr health chief
Pharmaceutical and biotech stocks around the world slumped on Friday, after US president-elect Donald Trump appointed vaccine sceptic Robert F Kennedy Jr to his cabinet.
Nissan shares jump as second activist buys stake
Shares in Nissan rose strongly in Tokyo on Friday after it was revealed that activist investor Oasis Management has taken a stake in the Japanese auto group, just days after another activist bought shares.
Chinese retail sales beat forecasts
Retail sales jumped in China last month, official data showed on Friday, in contrast to the ongoing gloom surrounding the under-pressure property sector.
Evotec surges on Halozyme takeover interest
Evotec surged on Friday after Halozyme Therapeutics confirmed it had submitted a non-binding proposal to buy the German biotech for €11. 00 per share in cash, or about €2bn.
Disney shares jump as blockbuster hits drive Q4 profits
Disney's stock price jumped on Thursday morning after the media and entertainment giant impressed with its fourth-quarter earnings, helped by blockbuster releases Deadpool & Wolverine and Inside Out 2, and published bullish guidance for the next financial year.
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.
Tapestry and Capri scrap planned merger amid competition concerns
Fashion giants Tapestry and Capri have scrapped their planned $8. 5bn merger on the back of legal uncertainty after US regulators argued that the tie-up would eliminate head-to-head competition in the luxury accessories market.