International Companies
Novo Nordisk shares slide despite promising weight loss trial results
Novo Nordisk has announced promising results from its REDEFINE 1 phase three trial of CagriSema, a combination of cagrilintide and semaglutide designed for weight loss in adults with obesity or overweight and comorbidities.
Santander sells Caceis stake back to Credit Agricole
Banco Santander has offloaded its 30. 5% stake in asset servicing provider Caceis back to Crédit Agricole, the Spanish and French banks have announced.
Soho House receives takeover offer from unnamed consortium
Shares in New York-listed Soho House & Co soared on Thursday after the private members club revealed that it had received a takeover offer valuing the company at around $1. 8bn.
Navantia strikes deal to buy Titanic shipbuilder Harland & Wolff
Historic shipyard owner Harland & Wolff is to be acquired out of administration by Spain’s Navantia, it was confirmed on Thursday, saving 1,000 jobs.
Merck in global license agreement with Hansoh Pharma for weight-loss drug
Merck said on Wednesday that it has signed an exclusive global licensee agreement with Chinese biopharmaceutical firm Hansoh Pharma for weight-loss drug HS-10535.
General Mills cuts guidance, shares fall
Shares in General Mills came under pressure on Wednesday, after the US food giant beat earnings expectations but cut its full-year outlook.
Honda and Nissan exploring mega merger amid EV uncertainty - report
Japanese car giants Honda Motor Co and Nissan Motor Co are exploring a potential merger, it was widely reported on Wednesday.
UniCredit ups stake in Commerzbank again as takeover speculation builds
Italian banking group UniCredit has upped its stake in German peer Commerzbank to 28% and is seeking a further investment that will take its holding to just below the threshold that requires a mandatory takeover offer.
Amazon reportedly settles with UK drivers over self-employment dispute
Amazon has reached a settlement with thousands of UK delivery drivers, it emerged on Wednesday, who claimed the company deprived them of fair compensation by misclassifying them as self-employed.
Volkswagen buys stake in Canadian lithium supplier Patriot
Volkswagen Group has purchased a 9. 9% stake in Canadian lithium exploration company Patriot Battery Metals, which it says is a "significant milestone" in the manufacturer's journey to becoming fully electric.
Pfizer meets forecasts with 2025 guidance
Shares in pharmaceutical and biotech giant Pfizer were on the rise on Tuesday after the New York-based outfit delivered guidance for 2025 that met analysts' forecasts.
Sweden’s Klarna fined SEK500m for money laundering failures
Buy now, pay later firm Klarna has been fined SEK500m (£35. 7m) by Sweden’s financial regulator for violating anti-money laundering rules.
Exxon Mobil to boost capital spending
Exxon Mobil said on Wednesday that it was planning to lift spending on oil production as it outlined the key elements of its 2030 plan.
Patient Capital to buy Patterson Companies in $4.1bn deal
Patterson Companies surged on Wednesday as the dental and animal health distributor agreed to be bought by healthcare investment firm Patient Square Capital in a $4. 1bn deal.
HSBC eyes $3bn in potential cost savings - report
Banking giant HSBC Holdings is mulling plans that could trim costs by at least $3bn, it was reported on Wednesday, as it continues to overhaul its global operations.
Boots could be spun out if Walgreens buyout goes ahead - report
Chemist chain Boots could be put up for sale again should a possible takeover of its US parent go ahead, it was reported on Wednesday.
Inditex disappoints despite jump in sales, profits
Shares in Zara owner Inditex came under pressure on Wednesday, despite a solid start to the festive shopping season, after earnings narrowly missed expectations.
Zalando to buy rival About You in €1.1bn deal
German online fashion retailer Zalando said on Wednesday that it has agreed to buy About You in a deal that values its rival at around €1. 1bn.
Boeing shares jump as 737 MAX production reportedly resumes
Shares in struggling aerospace giant Boeing jumped on Tuesday after reports that it resumed production of its 737 MAX jetliners last week.
Canary Wharf secures £610m loan with Apollo
Canary Wharf Group has secured a £610m loan with US private capital firm Apollo, the east London landlord confirmed on Tuesday.