International Companies
European drugs body backs Moderna jab
Europe’s drug regulator has backed Moderna’s novel vaccine for respiratory syncytial virus, the US pharmaceutical firm announced on Friday.
Nokia buys US firm Infinera to bolster optical networks
Shares in California-based network connectivity solutions group Infinera were surging ahead of the opening bell on Friday after Finnish telecoms giant Nokia agreed to pay $2. 3bn to take over the company in a bid to increase its scale in optical networks.
Walgreens shares plunge as pharmacy chain slashes profit forecasts
Shares in Walgreens Boots Alliance plunged on Thursday morning in New York after the pharmacy retail chain lowered its full-year profit guidance which it blamed on challenging industry trends and a worse-than-expected consumer environment in the US.
Turkey's central bank keeps rates at 50%
Turkey’s central bank has left a key interest rate on hold, it was confirmed on Thursday, as it focuses on cooling surging inflation.
H&M warns on sales, shares slide
Shares in Hennes & Mauritz tumbled on Thursday, despite a 50% surge in second-quarter profits, after poor weather hit sales in June.
Bosch weighing offer for Whirlpool - report
German engineering group Robert Bosch is reportedly considering a bid for US appliance maker Whirlpool.
MNC Capital lifts takeover bid for Vista Outdoor to $3.2bn
MNC Capital Partners said on Wednesday that it has upped its all-cash takeover offer for Vista Outdoor to $42 per share, or $3. 2bn, from $39. 50 earlier in the month.
Tesla to recall more than 23,000 Cybertrucks
Electric car giant Tesla is recalling more than 23,000 Cybertrucks due to potential issues with their windshield wipers and trunk bed trims.
Merck shares plunge on failure of cancer drug trial
Shares of German chemical and pharmaceutical firm Merck were falling sharply on Tuesday, after it announced that a trial for its head and neck cancer drug xevinapant had been halted due to a lack of efficacy.
Airbus cuts profit guidance on Space, lowers jet delivery forecast
Airbus warned of a hit to its bottom line and cash flow as a result of charges incurred on certain of its space activities.
EU calls Microsoft's bundling of Teams 'abusive'
The European Union (EU) accused Microsoft of violating competition regulations on Tuesday, through the “abusive” bundling of its Teams and Office products.
Shein makes moves towards London IPO - reports
Chinese online fast fashion behemoth Shein has taken a step towards a potential public listing, it emerged on Monday, with reports that it confidentially filed documents with Britain's markets regulator in early June.
US sustainable packaging group Sonoco to buy Eviosys for $3.9bn
US sustainable packing company Sonoco said on Monday that it has agreed to buy Eviosys, a food cans, ends and closures manufacturer, from KPS for about $3. 9bn.
London Tunnels switches listing plan to Euronext Amsterdam
London Tunnels announced plans to raise £30m through an initial public offering (IPO) on Euronext Amsterdam on Monday, shifting its listing plans from the London Stock Exchange.
Getir shareholders reportedly approve company's split
Shareholders of Turkish rapid grocery delivery giant Getir have endorsed a major restructuring plan that would see it split into two separate entities and receive a significant capital infusion from the Abu Dhabi state investment fund Mubadala, it emerged on Monday.
Germany’s Covestro enters ‘concrete’ takeover talks with Adnoc
German chemicals firm Covestro said on Monday that it had agreed to enter into "concrete negotiations" Abu Dhabi National Oil Co based on a potential €62 per share starting proposal.
Eurozone recovery unexpectedly slows - PMI
The eurozone’s nascent economic recovery unexpectedly slowed in June, official data showed on Friday, weighed down by weakness in the manufacturing sector.
Britvic rejects £3bn approach from Carlsberg, shares fizz
Shares in Britvic soared in early trading on Friday, after the soft drinks firm rejected a fresh approach from brewing giant Carlsberg Group.
Sales of electric vehicles fall in Europe
Sales of battery-powered electric cars in the European Union fell sharply in May, industry data showed on Thursday, as demand in Germany softened notably.
UK watchdog to probe HPE takeover of Juniper
The UK competition regulator has launched an investigation into Hewlett Packard Enterprise’s proposed $14bn takeover of Juniper Networks, it was confirmed on Wednesday.