International Companies
Evotec surges on Halozyme takeover interest
Evotec surged on Friday after Halozyme Therapeutics confirmed it had submitted a non-binding proposal to buy the German biotech for €11. 00 per share in cash, or about €2bn.
Disney shares jump as blockbuster hits drive Q4 profits
Disney's stock price jumped on Thursday morning after the media and entertainment giant impressed with its fourth-quarter earnings, helped by blockbuster releases Deadpool & Wolverine and Inside Out 2, and published bullish guidance for the next financial year.
General Mills to buy Whitebridge Pet Brands for $1.45bn
General Mills said on Thursday that it has agreed to buy Whitebridge Pet Brands’ North American premium cat feeding and pet treating business for $1. 45bn.
EU fines Meta EUR 798m over Facebook Marketplace competition concerns
The European Union has imposed a €797. 72m fine on Facebook’s parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online classifieds business.
Tapestry and Capri scrap planned merger amid competition concerns
Fashion giants Tapestry and Capri have scrapped their planned $8. 5bn merger on the back of legal uncertainty after US regulators argued that the tie-up would eliminate head-to-head competition in the luxury accessories market.
Data centre surge drives growth for Siemens
Siemens reported significant gains in the past year on Thursday, driven by robust demand in energy and electrification sectors, despite ongoing challenges in its business divisions.
Shares spark as ASML reiterates long-term growth plans
Shares in ASML Holding rallied on Thursday, after the Dutch tech giant reiterated long-term targets, including annual revenues of up to €60bn.
BioNTech to acquire China's Biotheus in $800m deal
German biotechnology company BioNTech announced the $800m acquisition of Chinese biotech firm Biotheus on Wednesday, in a bid to further strengthen its oncology pipeline.
Charter Communications to buy Liberty Broadband in all-share deal
Cable operator Charter Communications said on Wednesday that it has agreed to buy Liberty Broadband, which is controlled by US cable pioneer John Malone, in an all-share deal.
Sweden’s Klarna files for US IPO
Swedish buy-now-pay-later firm Klarna has filed paperwork with the US Securities and Exchange Commission as it looks to list in the US.
Siemens Energy ups mid-term targets after stellar results, shares soar
Shares in German energy giant Siemens Energy surged by almost a fifth on Wednesday after the company upped its medium-term financial forecasts after hitting all of its annual goals for the current year.
SoftBank smashes forecasts with big Q2 profit
Japanese investment giant SoftBank smashed forecasts with results for its second fiscal quarter, as big gains in its tech investments helped it swing to a massive $7. 7bn net profit.
Elliott takes $5bn stake in Honeywell, urges split into two businesses
Activist investor Elliott Investment Management called on Honeywell International to break itself up on Tuesday, as it said it had taken a $5bn stake in the company.
Schrödinger surges on Novartis collaboration agreement
Schrödinger surged on Tuesday after it announced a $2. 5bn research collaboration and license agreement with Novartis to advance multiple development candidates into the Swiss pharma firm’s portfolio for further development.
Home Depot ups full-year outlook after Q3 beat
Home improvement retailer Home Depot reported a small increase in profits in the third quarter as lower margins were offset by higher sales, with results coming in ahead of market expectations.
Bayer cuts earnings outlook, shares tumble
Bayer shares tumbled on Tuesday as it cut its full-year earnings guidance.
Evotec surges as Triton said to consider takeover
Evotec surged on Monday as it emerged that private equity firm Triton Partners is considering a takeover bid for the German drug development company after taking a near-10% stake.
Continental smashes Q3 forecasts, but cuts sales guidance
Shares in Continental surged in Frankfurt on Monday after the German auto parts and tyres manufacturer beat estimates with third-quarter profits, as investors shrugged off its move to cut sales guidance for the full year.
Sony lifts sales targets after strong Q2
Japanese electronics giant Sony has lifted its full-year guidance on the back of strength in its gaming division, after second-quarter profits jumped more than 70%, comfortably beating analysts' forecasts.
Shares slide as Richemont results fail to sparkle
Shares in Richemont fell sharply on Friday, after the luxury goods giant missed expectations, weighed down by sluggish Chinese demand.