International Companies
Broadcom warns on impact of trade uncertainty, Huawei restrictions
US chip maker Broadcom turned cautious on the outlook for the back half of 2019 on Thursday, citing the "continued geopolitical uncertainties" and the impact of export restrictions on one of its largest customers, presumably Chinese telecoms equipment manufacturer Huawei.
Spain's Indra may bid for majority stake in Rolls-Royce's ITP Aero
Spanish information technologies outfit Indra has expressed an interest in acquiring a majority stake in ITP Aero from Rolls Royce.
Bayer set to invest €5bn in research for new weedkillers
Pharmaceutical company Bayer is set to invest €5bn (£4. 5 bn) in weedkiller research as if faces mounting litigation against its US arm over its Roundup pesticide which claimants allege causes cancer.
Lidl ramps up London expansion with £500m investment
German discounter Lidl has unveiled a £500m investment plan for London, as it looks to ramp up its foothold in the capital and heap further pressure on larger rivals.
Global expansion bolsters profits at Zara owner Inditex
Spain’s Inditex, the world’s largest clothing retailer, has reiterated its focus on global and digital expansion after reporting a jump in first-quarter profits, despite adverse weather tempering sales growth.
Dassault Systemes to buy US clinical trial group Medidata
French technology group Dassault Systemes has agreed to buy US clinical trial company Medidata Solutions in a $5. 8bn deal.
KKR to buy Axel Springer in €6.8bn deal
US private equity group KKR has agreed to buy out the minority shareholders in German publisher Axel Springer in a deal that values the group at €6. 8bn.
Ryanair ramps up Maltese presence through Malta Air
Budget carrier Ryanair is to launch a Malta-based airline as it seeks to ramp up its presence on the island and expand routes.
UK telcos urge government to clarify position on Huawei
UK phone firms have urged the government to clarify its position over Huawei, warning that Britain's world leading position in mobile connectivity could be at stake.
Brussels blocks Tata-ThyssenKrupp tie up
The European Commission blocked a proposed merger between India’s Tata Steel and Germany’s ThyssenKrupp.
Amazon overtakes Apple and Google as world's most valuable brand
Amazon has overtaken Google and Apple to become the world’s most valuable brand at $315. 5bn.
Amazon won £460m in public contracts despite low corporation tax
Amazon won £460m of public contracts in the past four years, including three from HMRC worth a total of £26m.
Salesforce to snap up Tableau for $15.7bn
Salesforce on Monday entered an agreement to acquire Tableau Software in an all-stock transaction worth approximately $15. 7bn, based on the trailing 3-day volume weighted average price of Salesforce's shares as of June 7, 2019.
Merck to buy Tilos Therapeutics for up to $773m
Drug maker Merck has agreed to buy privately-held biopharmaceutical group Tilos Therapeutics for up to $773m.
Beyond Meat shares soar as group ups guidance, tops revenues estimates
Plant-based substitutes manufacturer Beyond Meat topped estimates on the Street with its first-quarter results overnight and told investors that its revenues would more than double in 2019 on the back of a seemingly never-ending demand for its products.
Toyota aims to launch two ultra-compact electric vehicles by 2020
Toyota is aiming to get half of its global sales from electric vehicles by 2025 and is looking to launch two two-seater ultra-compact electric vehicles by next year.
New Huawei models won't have Facebook, Instagram or Whatsapp pre-installed
Facebook won’t allow Huawei to pre-install its apps on the manufacturer's new smartphones anymore, reported Reuters on Friday.
Waterstones owner Elliott to buy Barnes & Noble in $683m deal
Barnes & Noble, the largest bookseller in the US, has agreed to be bought by Elliott Management for around $683m in cash.
Huawei must improve 'shoddy' security standards, UK cyber official says
A senior British cyber security official from the GCHQ said on Thursday that Huawei needs to raise its “shoddy” security standards as the company faces pressure from the US and its allies.
Google to buy data company Looker in $2.6bn deal
Google has agreed to buy business intelligence, data applications and embedded analytics platform Looker in a $2. 6bn cash deal.