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International Companies
27 Jun
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Ford plans on axing 12,000 jobs in Europe by the end of 2020

Ford is planning on closing multiple facilities in Europe by the end of 2020, leaving just 18 open, which will entail the layoff of 12,000 people, including at plants in the UK.

27 Jun
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FAA finds new issue with Boeing 737 Max

United Airlines extended its ban on the use of the Boeing 737 Max after US aviation regulator the FAA detected a potential new flaw in the airplane's design.

27 Jun
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H&M reports positive summer sales, cuts new store openings

Investors cheered H&M's better-than-expected sales in June and news that it would open fewer new stores in response to the challenge from digital rivals.

27 Jun
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HealthEquity to buy WageWorks in $2bn deal

Utah-based HealthEquity, a health savings account (HAS) non-bank custodian, has agreed to buy WageWorks in a $2bn deal.

27 Jun
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Bayer creates new committee to advise on Roundup litigation

Shares of Bayer perked up after the company announced the creation of a new supervisory board committee to help advise management in the ongoing litigation linked to its glyphosate-based weed-killer Roundup.

26 Jun
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European Commission opens antitrust investigation into Broadcom

The European Commission has opened a formal antitrust investigation into Broadcom in order to assess whether it is restricting competition through exclusivity practices, in breach of EU rules.

26 Jun
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Blackberry on more secure footing as Cylance deal pays dividends

Blackberry has reiterated its full-year revenue guidance after the Canadian software company nearly halved its quarterly loss.

26 Jun
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Tesco plans cashierless stores to compete with Amazon

The UK’s largest grocery chain Tesco is planning to introduce cashierless stores in the country in a move that would cut costs and make it the leader in self-checkout food retail.

26 Jun
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General Mills shares slump after falling short of revenue estimates

Food maker General Mills saw its shares slump in early trading after falling short on quarterly revenues following a move away from snack foods in the US.

26 Jun
JPMorgan-Portada
JP Morgan Irish arm hit with €1.6m fine

The Irish subsidiary of US banking giant JP Morgan Chase & Co has been fined nearly €2m for regulatory breaches.

26 Jun
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Ikea gets permission to build 163 affordable homes in UK

The council of Worthing granted Swedish furniture company Ikea permission to build 162 affordable flats in a joint-venture with construction firm Skanska.

26 Jun
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Ryanair changes share buyback to ensure EU ownership

Ryanair has tweaked the terms of a €700m share buyback programme to ensure it remains majority-owned by European Union investors in the event of a no-deal Brexit.

26 Jun
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Rio Tinto no longer blacklisted by Norwegian wealth fund

Norway’s $1tn wealth fund has removed UK miner Rio Tinto and retailer Walmart from its blacklist, possibly paving the way for future investments in both companies.

25 Jun
Abbvie snaps up Botox-maker Allergan in $63bn deal

Chicago-based biopharmaceutical company Abbvie snapped up Botox-maker Allergan for roughly $63bn on Tuesday, mostly in cash.

25 Jun
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Crane refutes Circor's claims, insists its offer is 'best option' for shareholders

US industrial products group Crane has hit back at Circor after the control technology company said its unsolicited $45 a share bid was "low value" and "opportunistic".

25 Jun
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Cap Gemini snaps up engineering and R&D specialist Altran in all-cash deal

French consultancy group Cap Gemini has inked a deal to buy rival Altran in a bid to build on the two firms' expertise and client base to create a world leader in digital transformation.

24 Jun
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Deutsche Bank backs Vodafone as it reiterates 'buy' rating

Deutsche Bank has maintained its ‘buy’ rating for Vodafone, despite reducing its price target, arguing that headwinds are starting to ease for the mobile phone giant.

24 Jun
danske bank
Danske Bank sacks former interim CEO

Danske Bank has fired its former interim chief executive officer after customers were overcharged for an investment product.

24 Jun
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Eldorado and Caesars take a gamble on $17bn deal

Shares in Caesars Entertainment jumped in pre-market trading in the US, after it agreed to be acquired by rival casino operator Eldorado Resorts in a multi-billion dollar deal.

24 Jun
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Circor rejects 'opportunistic' offer from Crane

US flow control technology company Circor International has unanimously rejected an unsolicited offer from Crane Co, dismissing it as "low-value" and "opportunistic".