International Companies
Twitter enters $810m settlement in long-running investor action
Twitter has entered into a binding $809. 5m settlement over its long-running securities class action, it announced on Monday, bringing an end to allegations it deceived investors.
CF Industries shutters UK plants on soaring gas prices
Two UK fertiliser plants have been shuttered by their US owner because of soaring gas prices.
Lagardere surges as Vivendi agrees to snap up Amber Capital’s 17.9% stake
Lagardere shares surged after Vivendi agreed to buy activist investor Amber Capital’s 17. 9% stake in the French media group, paving the way for a possible takeover.
Philip Morris seals contentious Vectura takeover
Philip Morris International has taken control of Vectura after the cigarette company's contentious bid was supported by owners of almost 75% of the inhaler maker's shares.
Inditex back in fashion as sales soar
Inditex saw sales bounce back in the first half, the owner of Zara said on Wednesday, helping profits hit "historic highs".
Apple unveils new versions of multiple devices
Tech giant Apple unveiled new versions of several of their iconic devices on Tuesday, launching four new 5G-enabled iPhones and multiple updates to the iPad and Apple Watch.
Curevac downsizes manufacturing for Covid-19 jab amid reduced demand
CureVac has downsized its capacity for manufacturing its first generation Covid-19 vaccine due to what it said was the lower-than-expected peak demand for the shot and due to the decreased need thanks to ongoing vaccinations globally.
Goldman Sachs to replace CFO at year-end
US banking giant Goldman Sachs will replace chief financial officer Stephen Scherr with Denis Coleman at the end of the year.
Elliott eyeing up SSE break up - report
Activist hedge fund Elliott Investment Management is agitating to break up energy firm SSE, it was reported on Tuesday.
Beijing takes aim at Jack Ma's Alipay - report
Beijing is looking to break up Alipay, the payments app owned by outspoken Chinese billionaire Jack Ma’s Ant Group, according to reports.
Zooplus surges as Hellman & Friedman sweetens bid to €3.3bn
Zooplus surged on Monday after US private equity firm Hellman & Friedman lifted its offer for the pet supply retailer to €3. 29bn from €3bn.
Valneva tumbles as UK government terminates Covid vaccine contract
Shares of French pharmaceutical group Valneva tumbled on Monday after the UK government terminated a contract for the supply of at least 100m doses of its Covid-19 vaccine.
Tinder CEO to take top job at Yahoo
Dating platform operator Tinder revealed on Friday that chief executive officer Jim Lanzone was leaving the business in order to take over the top job at Yahoo.
Mastercard to buy cryptocurrency intelligence group CipherTrace
Mastercard has agreed to buy cryptocurrency intelligence company CipherTrace for an undisclosed sum.
Facebook questions CMA's authority in response to Giphy probe
Facebook has questioned the authority of the UK’s competition watchdog, in a letter published on Wednesday responding to concerns around its completed purchase of animated image sharing platform Giphy.
Perrigo to buy HRA Pharma in $2.1bn deal
Perrigo has agreed to buy HRA Pharma, a global consumer self-care company, from funds affiliated with private equity firm Astorg and Goldman Sachs Asset Management in a $2. 1bn deal.
Sanofi to buy biopharmaceutical group Kadmon in $1.9bn deal
Sanofi has agreed to buy Kadmon in a $1. 9bn deal, sending shares in the biopharmaceutical company surging.
CMA clears Viagogo-Stubhub deal after buyer found for international arm
Viagogo has received the full and final go-ahead for its $4bn acquisition of Stubhub, it emerged on Wednesday, after it found a buyer for its international business.
PayPal to buy Japan's Paidy in $2.7bn deal
PayPal has agreed to buy Japanese ‘buy now pay later’ provider Paidy for 300bn yen, or around $2. 7bn, mostly in cash.
PIMCO funds to acquire Columbia Property Trust for $3.9nbn
Funds managed by PIMCO have inked a deal to acquire Columbia Property Trust, an investor in high-quality office buildings, for $3. 9bn including debt.