International Companies
Frasers Group ups stake in Hugo Boss
Frasers Group has increased its stake in German fashion brand Hugo Boss, the UK retailer confirmed on Thursday.
Honeywell to buy Air Products’ LNG business for $1.81bn
Honeywell said on Wednesday that it has agreed to buy Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1. 81bn in cash.
3M CFO Monish Patolawala resigns
3M said on Wednesday that president and chief financial officer Monish Patolawala has resigned with effect from 31 July to pursue another opportunity.
Volkswagen deliveries fall on China weakness, margin guidance cut
German car giant Volkswagen said vehicle deliveries inched lower in the first half as growth was held back by declines in China and the rest of Asia, just one day after it lowered its margin forecasts for the full year.
Dassault Systemes cuts full-year outlook due to customer delays
Shares in Dassault Systemes were in the red on Tuesday after the French software group reduced its profit outlook for 2024 on the back of customer order delays.
HSBC fined £2.4m by Hong Kong's pensions regulator
HSBC has been fined HKD 24m (£2. 4m) by Hong Kong's pension regulator, it was reported on Monday, for offering incentives to unauthorised agents to promote its Mandatory Provident Fund (MPF) scheme in 2020 and 2021.
Eli Lilly to acquire Morphic via tender offer
American pharmaceuticals company Eli Lilly has struck an agreement to acquire biopharma business Morphic in a deal worth approximately $3. 2bn.
Devon Energy to buy Grayson Mill’s Williston Basin business in $5bn deal
Devon Energy said on Monday that it has agreed to buy the Williston Basin business of Grayson Mill Energy in a $5bn deal.
Thousands of Samsung workers begin three-day strike over pay, working conditions
More than 6,000 members of the National Samsung Electronics Union (NSEU) began a three-day walkout over pay and working conditions on Monday, just days after the South Korean conglomerate reported a 10-fold increase in quarterly profits.
Skydance and Paramount Global agree to merger
Skydance Media has agreed a merger with fellow American production company Paramount Global in a deal worth more than $8bn, effectively ending Shari Restone's decades-long ownership of Paramount.
Delivery Hero facing potential €400m antitrust fine, shares tumble
Delivery Hero tumbled on Monday after saying it might face a fine of more than €400m for alleged anti-competitive behaviour.
Canada gives Glencore final green light to buy Teck coal assets
Mining and commodities giant Glencore has received the final regulatory approval needed in its $7bn acquisition of steelmaking coal assets from New York-listed Teck Resources.
UK housebuilders surge on Labour victory
Shares in UK housebuilders jumped on Friday, on hopes that the new Labour government would reinvigorate the sector.
Samsung profits set to soar on AI boom
Samsung Electronics forecast a surge in quarterly profits on Friday, as the boom in artificial intelligence powered demand for advanced semiconductors.
UBS under scrutiny post-Credit Suisse takeover, Swiss pricing watchdog says
Switzerland's price watchdog is said to be closely observing how UBS is pricing its products following its Credit Suisse takeover on the back of speculation that the bank's increased size could hit competition.
Shares in Continental jump despite 'challenging' market
Shares in Continental motored ahead on Thursday, after the German tyre manufacturer flagged an improving performance in the second quarter.
Marston's names Ken Lever as chair
Marston’s has named Kenneth Lever as its new chair, the pub operator confirmed on Thursday.
Roche to halt lung cancer trial
Roche is to end a novel lung cancer treatment trial, the Swiss company confirmed on Thursday, following "disappointing" results.
Quest Diagnostics to buy Canada’s LifeLabs for $985m
Quest Diagnostics said on Wednesday that it has agreed to buy LifeLabs, a Canadian provider of community laboratory tests, for about $985m including debt.
National Amusements tentatively agrees Paramount deal - reports
Shares in Paramount Global surged on Wednesday, on reports National Amusements has struck a tentative deal to sell its controlling stake in the US entertainment giant.