International Companies
Center Parcs put up for sale - report
UK holiday resort group Center Parcs has been put up for sale by its Canadian owners, it was reported on Monday.
Vice Media files for Chapter 11 ahead of sale
US publisher Vice Media Group has filed for bankruptcy protection, it was confirmed on Monday, as part of a $225m deal struck with its lenders.
Richemont posts record sales as China reopens
Luxury goods specialist Richemont reported a surge in annual sales and profits on Friday, as demand in China bounced back.
Singapore-based Avani buys 30pc of Bens Creek
North American metallurgical coal miner Bens Creek announced on Friday that its largest shareholder MBU Capital Group has sold 119,218,394 existing shares to Avani Resources.
SoftBank hit by record losses
Japan’s SoftBank Group reported a record loss on Thursday, after its tech-heavy funds underperformed.
Petroneft struggling with strategic review and hunt for auditor
Russia-focussed Petroneft Resources updated the market on its operations and ongoing strategic asset review on Thursday.
Lithium producers Allkem, Livent agree $10.6bn tie-up
Australian lithium miner Allkem has agreed to acquire US chemicals firm Livent in a deal worth $10. 6bn, it was announced on Wednesday.
Ryanair Holdings vindicated by EU court decision on Lufthansa Covid rescue
A European Union court upheld Ryanair Holdings challenge of Berlin's 2020 €6. 0bn recapitalisation of rival Lufthansa.
Microsoft's LinkedIn to cut more than 700 workers
Microsoft subsidiary LinkedIn announced that it would be reducing its workforce by more than 700, becoming the latest US technology name to make layoffs.
Tempur Sealy to buy Mattress Firm in $4bn deal
Tempur Sealy International said on Tuesday that it has agreed to buy Mattress Firm in a cash and stock deal valued at around $4bn.
Novavax to cut global workforce by a quarter
Novavax is to cut a quarter of its workforce and slash spending, the US biotech said on Tuesday, as it looks to manage costs amid waning demand for its Covid vaccine.
UK regulator backs Viasat Inmarsat merger
The UK regulator has given the green light to the $7. 3bn merger between rivals Viasat and Inmarsat, it was confirmed on Tuesday.
Lower oil prices dent profits at Saudi Aramco
Energy giant Saudi Aramco reported lower first-quarter earnings on Tuesday, after oil and gas prices fell back from historic highs.
Adidas warns of 'bumpy' year ahead despite above-forecast numbers
Adidas saw its shares jump on Friday, after a better-than-expected first quarter, but warned 2023 was still set to be "disappointing".
Alibaba international online shopping unit considers US listing - report
Alibaba’s international online shopping unit is reportedly exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress.
Moderna posts surprise first-quarter profit
Moderna reported above-forecast first-quarter numbers on Thursday, despite demand for its Covid-19 vaccine continuing to wane.
First Horizon tanks as TD Bank deal scrapped
First Horizon shares tumbled in pre-market trade on Thursday after it and Canada’s TD Bank mutually agreed to terminate their planned $13bn merger due to a lack of clarity on regulatory approval.
Lufthansa forecasts summer travel boom
Deutsche Lufthansa forecast a boom in summer travel on Wednesday, following a surge in first-quarter earnings.
UniCredit boosts full-year guidance on bumper first quarter
Italian lender UniCredit raised its full-year forecasts on Wednesday, after first-quarter results came in well ahead of expectations.
Strong demand sees sales power ahead at Porsche
Germany’s Porsche said on Wednesday that it had got off to a strong start as an independent company, after a jump in quarterly sales and profits.