International Companies
STMicroelectronics unveils plans for €5bn chip plant in Italy
Europe semiconductor giant and Apple supplier STMicroelectronics on Friday announced plans to build the world first fully integrated silicon carbide (SiC) facility in Italy, requiring a total investment of €5bn.
Frasers Group lifts stake in Hugo Boss to £305m
Mike Ashley's retail conglomerate Frasers Group has raised its stake in Hugo Boss after a sharp drop in the German fashion group's share price since the start of the year.
TSB customers hit by online banking outage
TSB Bank customers were left unable to access their accounts on Thursday after the lender’s mobile banking app temporarily went down.
Eurozone recovery gathers pace as unemployment falls
Eurozone unemployment unexpectedly dipped to a record low in April, official data showed on Thursday, while confidence edged higher.
ConocoPhillips to buy Marathon Oil in $22bn deal
ConocoPhillips confirmed on Wednesday that it has agreed to buy Marathon Oil in an all-share deal worth $22bn.
Merck to buy EyeBio for up to $3bn
US pharma giant Merck said on Wednesday that it has agreed to buy ophthalmology-focused biotechnology firm EyeBio for up to $3bn.
T-Mobile to buy nearly all of US Cellular in $4.4bn deal
T-Mobile said on Tuesday that it has agreed to buy nearly all of US Cellular’s wireless operations in a $4. 4bn deal.
Waystar looks to raise $1bn in Nasdaq IPO
Healthcare payments software group Waystar announced on Tuesday that it is seeking to raise around $1bn in its stock-market debut this summer.
ABN Amro snaps up German private bank in €672m deal
ABN Amro is to acquire German private bank Hauck Aufhauser Lampe in a €672m deal, it was confirmed on Tuesday.
Acciona trims earnings outlook, shares slide
Shares in Spain’s Acciona fell sharply on Friday, after the energy and construction conglomerate’s first-quarter update disappointed.
James Gorman to leave Morgan Stanley at end of year
Morgan Stanley executive chairman James Gorman announced on Thursday that he would step down from his role at the end of the year, in remarks at the bank's annual shareholder meeting.
EU slaps Mondelez with €337.5m fine
Oreo cookie and Cadbury Dairy Milk parent Mondelez has been fined €337. 5m by the European Commission for hindering trade between European Union countries in order to keep prices high.
Anglo investor calls for 'meaningful' changes to BHP bid
A leading shareholder in Anglo American said on Wednesday that BHP Group’s blockbuster £34bn takeover offer required "meaningful revision".
Biogen to buy biotech Human Immunology Biosciences for up to $1.8bn
Biogen said on Wednesday that it has agreed to buy Human Immunology Biosciences (HI-Bio) for up to $1. 8bn.
China hints at tariff hikes for large car imports
China could raise import tariffs on large combustion engine cars, it was reported on Wednesday, weighing on the share price of European auto makers.
Oaktree Capital takes ownership of Inter Milan following €395m default
US investment fund Oaktree Capital revealed it has become the new owner of Italian football champions Inter Milan after the club's holding company defaulted on a €395. 0m payment.
Regulator probes lack of competition to Visa, Mastercard
The Payment Systems Regulator (PSR) said in an interim report on Tuesday that Mastercard and Visa, the UK’s two dominant payment card schemes, did not face effective competition in the supply of scheme and processing services to acquirers.
Cazoo reportedly lining up administrators
Cazoo, the online car retailer once valued at over £5bn, looked set to enter administration on Tuesday, according to Sky News.
CMA drops investigation into Microsoft-Mistral AI partnership
The Competition and Markets Authority (CMA) announced on Friday that the partnership between Microsoft and Mistral AI did not qualify for a full investigation under the merger provisions of the Enterprise Act.
Richemont names Nicholas Bos as CEO
Luxury goods business Richemont re-established the role of chief executive officer on Friday as the Swiss group continues to navigate a market downturn.