International Companies
Marriott Vacations to buy ILG for $4.7bn
Marriott Vacations Worldwide has agreed to buy timeshare operator ILG for around $4. 7bn in a cash and stock deal.
Marathon Petroleum to acquire rival Andeavor
Marathon Petroleum will purchase rival Andeavor as part of a deal valued more than $23bn that would see the company jump right past Valero Energy to become the largest refiner in the US by capacity.
AccorHotels to buy Movenpick Hotels & Resorts for CHF560m
AccorHotels has agreed to buy Movenpick Hotels & Resorts for CHF560m in cash in a deal that is expected to be accretive to group earnings from the first year.
Deutsche Bank to make 'significant' job cuts
Deutsche Bank's new chief executive Christian Sewing announced a series of "painful but regrettably unavoidable" job cuts as the German bank looked to scale back its corporate and investment banking operations.
Royal Caribbean steers course for higher earnings
American cruise company Royal Caribbean reported record first quarter results on Thursday, leading the Floridian firm to up its full-year adjusted earnings estimates.
Facebook withstands scandal to beat first-quarter forecasts
Facebook’s first-quarter earnings beat expectations and the social network added millions of users as the company appeared to withstand a scandal involving the misuse of personal data, as tech chief Mike Schroepfer told UK parliament "radical transparency" measures will be introduced for political advertising.
UK supermarkets pledge to get rid of single-use plastics by 2025
Supermarkets Tesco, Sainsbury’s, Asda, Morrisons, Waitrose, Marks & Spencer, Aldi have banded together with food and drink manufacturers to pledge to eliminate single-use plastics by 2025 under a new 'UK Plastics Pact'.
Wind farm developer Ørsted to prepare first major battery storage project
Denmark’s Ørsted, one of the largest wind farm developers in the UK, is preparing the charge up of the first major battery storage project, which will allow National Grid to manage grid stability during fluctuations.
BAE Systems could be left out of new European warplane project
France's Airbus and Germany's Dassault have teamed up to develop a new warplane to replace Eurofighter and Rafale jets, indicating Britain's BAE Systems may be left out of the programme.
NYSE halts trading in Amazon.com and Alphabet after glitch
The New York Stock Exchange suspended trading in shares of Amazon. com, Booking Holdings, Zion Oil&Gas and Google- parent Alphabet as a result of a price scale code issue affecting BCCG execution reports, the trading venue said in a statement.
Viagogo to face legal action over violation of customer rights
Ticket reseller Viagogo looks to be in line for a day in court after UK competition regulator The Competition and Markets Authority (CMA) said on Wednesday that the site had breached consumer protection laws, while three other secondary ticketing sites agreed to make major changes to their sites.
Comcast contests Murdoch Sky bid with own all-cash offer
Comcast has finally waded into the fray for Sky, confirming its proposed £22bn all-cash acquisition offer for the broadcaster, in a direct challenge to 21st Century Fox Inc. 's.
TSB 'up and running' after online meltdown, regulators turn to Spanish owners
TSB’s internet banking platform is back online on Wednesday after suffering a meltdown in the past few days that prevented users from logging into their accounts and allowed some to see other people’s banking information.
Santander UK: Spanish bank's crown jewel loses shine
Banco Santander started off the banking sector’s results in Spain, with a strong profit of €2. 05bn up 10% undermined by a 23% decline in earnings from the UK business.
Apple agrees plan for repayment of Ireland's €13bn back taxes
Apple is set to start paying the €13bn of back taxes it owes Ireland in May, the government revealed on Tuesday.
Vectura slumps as Sosei 'has no attention of making an offer'
Japenese biopharmaceutical company Sosei confirmed that, contrary to recent press speculation about a possible offer for inhaler specialist Vectura, it did not intend to make a bid.
Coca-Cola Q1 results bubble thanks to Diet Coke sales
Coca-Cola’s results beat analysts' forecasts on the back of strong sales of its Zero Sugar brand and a return to volume growth for Diet Coke.
Caterpillar exceeds expectations with first quarter earnings beat
Caterpillar upped its 2018 profit outlook on Tuesday after the heavy-duty equipment behemoth beat the Street with its first-quarter earnings amid continued strong global demand for its equipment.
Alphabet optimistic on data regulations as profits benefit from one-offs
Google’s parent company Alphabet results overnight for the first quarter of 2018 impressed analysts as profits rose 84% to $9. 4bn in the first three months of the year.
Arla Foods slashing cost cuts 'due to Brexit'
Arla Foods has announced that is has been forced to cut £351m of costs due to Brexit's impact on sterling and due to commodity prices.