International Companies
Vivendi in exclusive talks over Editis sale
French media group Vivendi said on Tuesday that it is in exclusive talks with International Media Invest (IMI) to sell its Editis publishing business.
Credit Suisse chairman to forego bonus
Investment bank Credit Suisse revealed on Tuesday that chairman Axel Lehmann will forgo a payment of CHF 1. 5m (£1. 35m) for his first full year on the job following the group's worst annual performance since the global financial crisis in 2008.
First Republic plunges in SVB fallout despite fresh funding
Shares in First Republic Bank were plummeting in early trading on Wall Street on Monday, despite the bank securing a fresh injection of funding over the weekend.
Pfizer to buy Seagen in $43bn cash deal
Biotech company Seagen surged in pre-market trade on Monday after agreeing to be bought by Pfizer in a $43bn cash deal.
Sanofi to buy Provention Bio in $2.9bn deal
French pharmaceutical company Sanofi said on Monday that it has agreed to buy US biopharmaceutical group Provention Bio for $2. 9bn in cash.
All SVB and Signature Bank depositors in US to regain access to funds
America's central bank unveiled a new lending facility to protect all uninsured deposits at US lenders.
Adidas flags weak 2023 as it works on turnaround
Sportswear giant Adidas reported a 1% increase in currency-neutral revenues in its 2022 results on Wednesday.
BMW to pour almost £500m into Oxford plant
German carmaker BMW will invest hundreds of millions of pounds into its Oxford plant, ensuring Britain's iconic MINI will continue to be made in the UK.
Hellofresh shares slump on disappointing profit guidance
Meal kit outfit Hellofresh saw its shares head south early on Tuesday after providing 2023 profit guidance that fell short of market expectations on the back of decreasing order numbers amid inflationary constraints.
Altria to buy e-cigarette maker NJOY for $2.75bn
Altria said on Monday that it has agreed to buy e-cigarette maker NJOY for $2. 75bn in cash.
Top Credit Suisse shareholder Harris Associates sells out
One of Credit Suisse’s longest-standing shareholders has reportedly sold its entire stake in the beleaguered Swiss bank after losing patience with its strategy amid persistent losses and a client exodus.
Lufthansa Group rises on strong 2022 turnaround
Lufthansa Group reported a solid financial turnaround in its 2022 results on Friday, swinging to adjusted EBIT of €1. 5bn, from a loss of €1. 7bn in the prior year.
Macy's reports stronger net sales than pre-Covid period
American department store giant Macy's said in its 2022 results on Thursday that amid a challenging macroeconomic environment, its diluted earnings per share came in at $4. 19 and an adjusted diluted earnings per share were $4. 48, down from the prior year's $4. 55 and $5. 31, respectively.
Profits rise at InBev despite fall in volumes
Belgium’s AB InBev toasted better-than-expected earnings on Thursday, despite a slide in fourth-quarter volumes.
Kohl's swings to Q4 loss, cautious on outlook
Kohl’s slumped on Wednesday after saying it swung to a loss in the fourth quarter as sales fell and the US department store retailer struck a cautious note on the outlook.
CMA provisionally clears Viasat, Inmarsat merger
The UK’s Competition and Markets Authority has provisionally cleared US satellite company Viasat’s £5. 4bn takeover of UK rival Inmarsat following an in-depth review.
Allfunds tumbles as Euronext withdraws €5.5bn offer
Investment platform Allfunds tanked on Wednesday after Euronext withdrew a €5. 5bn takeover offer for the company.