International Companies
British Airways to axe more flights
British Airways is to cancel a further 1,500 flights this summer as it battles the ongoing travel chaos plaguing the aviation sector.
European natural gas prices spike as Equinor workers strike
European natural gas prices were on the rise again after workers at Norway's Equinor initiated a strike action overnight.
SAS files for bankruptcy protection in US
Scandinavian carrier SAS has filed for bankruptcy protection in the US after a pilots strike grounded its planes.
Regional focus sees sales rebound at Pret A Manger
Pret A Manger said on Monday it had returned to profitability after the café chain refocused on stores outside of London.
GM says delivery delays amid chip shortage won't impact earnings guidance
GM continued to grow its market shares over the three months to June thanks to pent-up demand for GM vehicles amid low inventories.
Citigroup in talks with local buyers over sale of Russian ops - report
Citigroup is reportedly in talks with several local buyers over a potential sale of its operations in Russia.
Kohl’s terminating takeover talks with Franchise Group - report
Kohl’s shares tumbled in pre-market trade on Friday following a CNBC report that the department store chain is terminating talks to sell its business to Franchise Group.
Profits beat forecasts at H&M
Profits came in ahead of expectations at fashion giant Hennes & Mauritz on Wednesday, as shoppers returned to stores and strong demand saw more clothes sold at full price.
Berenberg initiates coverage of Just Eat Takeaway at 'sell'
Berenberg initiated coverage of Just Eat Takeaway on Wednesday with a ‘sell’ rating, saying that near-term trading will remain muted and the Grubhub sale will disappoint, sending shares in the food delivery company tumbling.
Walgreens abandons Boots sale
The US owner of Boots said on Tuesday that it has decided to abandon the sale of the UK chemist chain as it hasn’t been able to attract an adequate offer.
Evergrande faces winding up petition in Hong Kong
A winding up petition has been filed against China Evergrande Group, the embattled Chinese property developer.
Permira, H&F to buy Zendesk in $10.2bn deal
Zendesk said on Friday that it has agreed to be bought by an investor group led by private equity firms Permira and Hellman & Friedman in a $10. 2bn all-cash deal, sending shares in the San Francisco-based software maker surging.
Zalando warns on profits, shares slump
Online retailer Zalando issued a profit warning on Friday as the ongoing cost-of-living crisis weighed on demand.
Eurozone business growth eases to 16-month low in June
Business growth in the eurozone eased in June to a 16-month low as prices continued to surge and demand stalled, according to a survey released on Thursday.
Pfizer to buy 8.1% stake in French vaccine company Valneva
Pfizer said on Monday that it has agreed to buy an 8. 1% stake in French specialty vaccine company Valneva for €90. 5m, or €9. 49 a share.
Klarna mulling fresh fundraise at much lower valuation
Buy now, pay later lender Klarna Bank is mulling a fresh fundraise at a much lower value than what it achieved last year, it was reported on Friday.
Eurozone trade deficit widens
The Eurozone’s trade deficit widened in April, official data showed on Wednesday, as industrial output came in below expectations.
Billionaire founder moves to take Continental Resources private
Harold Hamm, the billionaire founder of Continental Resources, has launched a bid to take the US energy firm private.
Shares plunge as Atos unveils break-up plans
Shares in Atos fell sharply on Tuesday after the French tech giant announced plans to break itself up as well as the surprise departure of its newly-installed chief executive.
Musk to speak to Twitter employees about $44bn takeover
Elon Musk is to address Twitter employees directly this week, for the first time since agreeing to buy the social media platform in an increasingly fractious $44bn deal.