International Companies
CMA says Apple's browser policies hinder innovation
The Competition and Markets Authority (CMA) announced on Friday that it has provisionally found that Apple’s policies on mobile browsers hinder innovation, impacting UK businesses and millions of users.
Adani shares plummet on US bribery charges
Shares in Adani companies plunged on Thursday, after US prosecutors indicted billionaire founder Gautam Adani, one of the world’s richest men.
PayPal experiences brief global outage
PayPal experienced a brief worldwide outage on Thursday after a "systems issue".
Temu owner PDD misses Q3 estimates as sales growth slows
US-listed shares of Chinese ecommerce giant PDD Holdings dropped sharply on Thursday after the owner of online marketplace Temu undershot market estimates with its lowest quarterly revenue growth in two years.
Novartis boosts mid-term sales guidance
Novartis boosted its mid-term guidance on Thursday, on the back of upcoming drug launches and "strong" growth momentum across existing products.
Deere & Co reports big drop in Q4 profits, but smashes forecasts
Agricultural machinery and industrial equipment giant Deere & Co reported a big decline in fourth-quarter profits but still managed to smash forecasts, helping to overshadow disappointing guidance on next year's earnings.
Ford to make 4,000 job cuts across Europe
Automotive giant Ford has announced plans to slash 4,000 jobs across Europe, including 800 UK-based roles.
Company veteran named chief scientific officer at Pfizer
Pfizer has appointed company insider Chris Boshoff as its new chief scientific officer, the US drugs giant confirmed on Wednesday.
E.ON must pay £14.5m over billing failures - Ofgem
E. ON has been fined £14. 5m by the UK watchdog for "unacceptable" billing failures during the cost of living crisis, it was announced on Wednesday.
Target shares sink after big Q3 earnings miss
Shares of Target plunged by nearly a fifth in pre-market trading on Wednesday after the American discount retail chain missed third-quarter profit forecasts by a wide margin and lowered its full-year guidance.
Santander puts aside £295m to cover possible motor finance claims
Profits tumbled at Banco Santander’s UK business, the Spanish lender confirmed on Wednesday, after it set aside nearly £300m to cover potential costs relating to an industry-wide probe into car finance.
UK competition regulator drops probe into Google's Anthropic investment
UK regulators have announced that Google owner Alphabet's investment in AI safety and research company Anthropic doesn't require a full, in-depth probe.
Amcor snaps up packaging rival Berry Global for $8.4bn
Australian packaging group Amcor announced on Tuesday that it is to buying smaller American rival Berry Global in a deal worth $8. 4bn.
Nestle takes wraps off CHF 2.5bn cost-cutting plan
Nestlé unveiled an ambitious cost-cutting initiative and reduced its profit outlook on Tuesday, as new chief executive Laurent Freixe charted a turnaround strategy for the world’s largest food company.
Thyssenkrupp writes down EUR 1bn from steel business
Thyssenkrupp announced a €1bn writedown on its steel division on Tuesday, as the company navigated a costly transition to low-carbon production.
Spirit Airlines files for Chapter 11 bankruptcy protection
Budget carrier Spirit Airlines has filed for Chapter 11 bankruptcy protection as it looks to restructure its debt after merger talks with Frontier collapsed.
Shein planning £50bn London listing early next year - reports
Singapore-domiciled Chinese fast fashion giant Shein is preparing for a highly anticipated initial public offering on the London Stock Exchange in early 2025, it was reported on Monday, targeting a valuation of £50bn.
Tesla shares surge as Trump looks to establish Federal framework for fully self-driving cars
Shares in electric carmaker Tesla surged ahead of the bell on Monday following news that president-elect Donald Trump would look to establish a federal framework for fully self-driving vehicles and make it the Department of Transportation's priority number one.
Pharma stocks tank as Trump names RFK Jr health chief
Pharmaceutical and biotech stocks around the world slumped on Friday, after US president-elect Donald Trump appointed vaccine sceptic Robert F Kennedy Jr to his cabinet.
Nissan shares jump as second activist buys stake
Shares in Nissan rose strongly in Tokyo on Friday after it was revealed that activist investor Oasis Management has taken a stake in the Japanese auto group, just days after another activist bought shares.