International Companies
Facebook, Google and Twitter must do more in fight against fake news - EC
The European Commission has called on Facebook, Google and Twitter to do more to combat the spread of fake news.
Santander UK CEO received £4.6m pay package last year
Santander’s UK Chief Executive took home a £4. 6m pay package in 2018, according to the lender’s annual report.
No passenger compensation for Ryanair strikes, court rules
Ryanair welcomed a decision from the Swords District Court in Dublin on Wednesday, in which the court confirmed that no compensation was due to customers under EU Flight Compensation Regulation 261/2004 (EU261) for delays and cancellations because of internal strike action in the airline last year.
Lego builds solid base as profits and sales return to growth
Danish toy firm Lego said it was bucking industry trends as it reported an improvement in both sales and profits, fuelled by the popularity of series such as Star Wars, Harry Potter and Ninjago.
Huawei and Samsung reach settlement in two-year patent dispute
Huawei Technologies and Samsung Electronics have concluded their two-year patent battle, settling the dispute out of court.
Caterpillar hit with double-downgrade by analysts at UBS
Caterpillar shares fell at the open following a double-downgrade to 'sell' by analysts over at UBS.
Weaker-than-expected results weigh on Home Depot
Shares in Home Depot slid in pre-market trading, after the American DIY chain missed analyst forecasts.
Pharma firms to testify in Congress over drug pricing
Top executives of pharmaceutical companies are set to testify in front of the Senate Finance Committee on Tuesday as part of an investigation into drug pricing in the US.
US regulator asks judge to hold Elon Musk in contempt over deal
The US Securities and Exchange Commission has requested that Tesla boss Elon Musk be held in contempt for violating a deal with the regulator as he once again tweeted false information about the company.
Barrick Gold makes $18bn unsolicited bid for rival Newmont
Canada’s Barrick Gold made a hostile $18bn bid on Monday to buy US rival Newmont Mining and merge two of the largest gold firms in the world.
Roche to buy Spark Therapeutics in $4.3bn deal
Swiss drug maker Roche has agreed to buy Philadelphia-based Spark Therapeutics in a $4. 3bn cash deal.
General Electric to sell biopharma business to Danaher for $21.4bn
General Electric has agreed to sell its biopharmaceutical business to Danaher for $21. 4bn.
GCHQ director calls for caution regarding China's tech threat
The UK's cyber-security agency’s director Jeremy Fleming warned that Britain must understand the potential "opportunities and threats" of using Chinese technology and called for better cyber-security practices in the telecoms industry.
BMW and Daimler invest €1bn in new joint car venture
BMW and Daimler announced on Friday they would invest €1bn in a new joint venture which will develop driverless vehicles, ride-hailing services and parking services.
Trump softens stance on overseas technologies
President Donald Trump has signalled a weakening in US resolve to block overseas companies such as Huawei from being used in mobile networks.
Pinterest files for US IPO - report
Pinterest filed confidentially for a US initial public offering and is expected to seek a valuation of $12bn, according to reports on Friday.
Hexatronic extends supply relationship with CityFibre
Hexatronic has signed a framework supply agreement with CityFibre, to supply the fibre optic infrastructure firm with passive fibre optic solutions including fibre optic cables, micro duct, connection boxes and aerial nodes, it announced on Friday.
Kraft Heinz under investigation from SEC
The US Securities Exchange Commission is investigating Kraft Heinz's accounting practices, the US foods colossus revealed as it reported huge quarterly losses and cut its dividend.
Standard Chartered sets aside $900m for UK, US fines
Standard Chartered said it was setting aside $900m (£688m) to cover fines resulting from regulatory investigations in the US and UK.
UBS may be forced to pay $5.1bn in French tax case
UBS may have to pay a €4. 5bn fine after a French judge found the investment bank guilty of helping rich clients move undeclared funds to Swiss accounts.