International Companies
High Court upholds sale of collapsed Bulb to Octopus Energy
The UK government’s decision to sell failed energy firm Bulb to Octopus Energy was upheld by the High Court on Friday, after challenges were brought by Centrica’s British Gas, E. ON, and Scottish Power.
Virgin Orbit ceases operations after failing to secure funding
Aircraft engineering company Virgin Orbit will cease operating "for the foreseeable future" after it fell short of locking in a funding lifeline.
Headphone maker Zound to acquire Marshall Amplification
Swedish headphones producer Zound Industries announced the acquisition of Marshall Amplification on Thursday, to create the Marshall Group.
Bertelsmann revenues top €20bn
German media giant Bertelsmann reported record annual revenues of more than €20bn on Thursday.
Shares in Atos dive as Airbus talks end
Shares in Atos fell sharply on Wednesday, after Airbus opted against taking a stake in the French tech firm's Evidian cybersecurity business.
Broadcom's $61bn purchase of VMware heading for deeper CMA probe
Broadcom's proposed $61bn acquisition of cloud computing specialist VMware faced a fresh roadblock on Wednesday, as the Competition and Markets Authority (CMA) referred it for an in-depth investigation.
Sergio Ermotti returns to UBS to steer Credit Suisse takeover
UBS Group has rehired former chief executive Sergio Ermotti as it looks to manage its vast takeover of rival Credit Suisse.
German regulator launches antitrust proceedings against Microsoft
Germany’s antitrust regulator, the Bundeskartellamt, said on Tuesday that it has begun examining whether US tech giant Microsoft "is of paramount significance for competition across markets".
Walgreens Boots maintains guidance as quarterly earnings slip
Transatlantic pharmacy giant Walgreens Boots Alliance reported second quarter results in line with expectations on Tuesday, with the company on track to meet full-year guidance.
Adani Group said to be renegotiating loans
Adani Group tumbled overnight following reports the company is unable to repay its debt.
BioNTech vaccine revenues to fall sharply as Covid demand wanes
BioNTech warned on Monday that revenues would fall sharply this year, as demand for its ground-breaking Covid-19 vaccine wanes.
First Citizens Bank to buy SVB loans, deposits
First Citizens Bank has agreed to buy the deposits and loans of collapsed Silicon Valley Bank from US regulator the Federal Deposit Insurance Corporation (FDIC).
Saudi National Bank chair resigns
The chair of Saudi National Bank has resigned with immediate effect.
Deutsche Bank slides after spike in credit default swaps
Deutsche Bank shares tumbled on Friday as the cost of insuring against its default spiked amid lingering concerns about the European banking sector.
Harbour Energy submits plans for Zama field
Harbour Energy has submitted development plans for the Zama field to the Mexican authorities, the oil and gas producer confirmed on Friday.
Apple mulling bid for English football streaming rights - report
US tech giant Apple is considering bidding for streaming rights to a number of English football games, it was reported on Thursday, as it looks to further bolster its sports offering.
Norges Bank ups interest rate
Norway’s central bank raised interest rates on Thursday and signalled further possible hikes as it looks to rein in inflation.
UK's Gambling Commission fines online operators
Britain's Gambling Commission has hit online operators 32Red and Platinum Gaming with a £7. 1m penalty due to social responsibility and anti-money laundering failures.
European banks can weather market turmoil, says S&P
European banks can weather the recent market turmoil, according to Standard & Poor’s.
First Republic bounces back amid talks led by JP Morgan's Dimon for new rescue plan
Shares of First Republic Bank were bouncing back following reports that US bank chiefs were in discussions over a new rescue plan to stabilise the lender.