International Companies
Bayer ordered to pay $2.1bn in US state Roundup verdict
Bayer has been ordered by a US state jury to pay approximately $2. 1bn in damages to a plaintiff who alleged that the company’s Roundup weedkiller caused his cancer.
Heathrow to resume limited flights after fire causes power cut
London’s Heathrow airport said some operations would resume on Friday after a fire at a local electricity substation overnight caused a power outage, hitting more than 1,300 flights and disrupting air travel globally.
Sodexo cuts revenue guidance, shares tank
Sodexo shares tanked on Thursday as the French food services firm cut its full-year revenue guidance, mainly due to slower-than-expected organic growth in North America.
Tesla recalling 46k Cybertrucks over loose panel issue
Tesla is recalling 46,096 Cybertrucks in the US, it emerged on Thursday, due to a defect that could cause exterior trim panels to detach while driving, creating a potential road hazard.
Kraken to buy NinjaTrader for $1.5bn
Cryptocurrency exchange Kraken said on Thursday that it has agreed to buy retail futures trading platform NinjaTrader for $1. 5bn.
German producer prices rise by less than forecast
Producer prices across Germany rose by less than expected in February, official data showed on Thursday.
SNB sets rates at 0.25pc in fifth consecutive cut
Switzerland’s central bank reduced its policy interest rate by 25 basis points to 0. 25% on Thursday, marking its fifth consecutive cut since March 2024.
Allianz, BlackRock join consortium to acquire Viridium for €3.5bn
A consortium of top-tier insurers and asset managers, including Allianz, BlackRock and T&D Holdings, are to acquire German life insurance consolidator Viridium Group for €3. 5bn.
General Mills cuts guidance on slowing demand for snacks
Cheerios-owner General Mills cut its full-year outlook on Wednesday, on waning demand for snacks in the US and mounting economic uncertainty.
Ferrexpo accuses Ukraine of breaching treaty obligations
Shares in Ferrexpo were sharply lower on Wednesday, after the iron ore producer accused Ukraine of breaching international investment agreements.
Siemens announces 6,000 job cuts, cites 'muted demand'
Siemens announced on Tuesday that it is to shed more than 6,000 workers from its automation and EV-charging units due to what it called "capacity adjustments".
Alphabet lands Wiz in $32bn deal
Alphabet has agreed to buy cloud security start-up Wiz in a blockbuster $32bn deal, the Google parent confirmed on Tuesday.
Frasers to launch fresh bid for XXL
Mike Ashley’s Frasers Group is to make a mandatory offer for Norway’s XXL, the retailer confirmed on Tuesday, just weeks after abandoning its pursuit of the sporting goods specialist.
Old Mutual posts best profit since 2019, divi underwhelms
Old Mutual reported its highest profit since 2019 on Tuesday, driven by rising demand for short-term insurance and wealth management products in South Africa.
PepsiCo spends nearly $2bn on prebiotic soda brand Poppi
Soft drinks giant PepsiCo is to spend nearly $2bn on fast-growing prebiotic soda brand Poppi, which it says is part of ongoing "portfolio transformation efforts" to adapt to changing consumer needs.
Incoming Intel CEO Tan planning manufacturing, AI overhaul - report
Intel's incoming chief executive Lip-Bu Tan has reportedly considered significant changes to the company’s chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday.
UniCredit gets ECB approval to raise Commerzbank stake
The European Central Bank has given the green light for Italian bank UniCredit to raise its stake in German peer Commerzbank to up to 29. 9%.
Kering taps Demna Gvasalia for new artistic director of Gucci
Shares in luxury goods firm Kering were down double-digits in early trading after it tapped Demna Gvasalia to take over as new artistic director of Gucci.
Shein confirms plans to float, but questions remain over valuation and timing
Chinese fast fashion giant Shein has confirmed plans to float on the stock market, but has yet to disclose a preference on the location, timing or valuation.
Mallinckrodt and Endo to merge in $6.7bn deal
Pharmaceutical firm Mallinckrodt said on Thursday that it has agreed to merge with Endo in a $6. 7bn deal.