International Companies
Mallinckrodt to sell BioVectra unit for $250m
Mallinckrodt Pharmaceuticals shares surged in pre-market trade on Tuesday after the company said it has agreed to sell its BioVectra unit to private equity firm HIG Capital for around $250m.
Nissan CEO resigns after admitting he was overpayed
Nissan CEO Hiroto Saikawa has resigned on Monday after months of trying to pull the company out of the chaos unleashed by the ousting of Carlos Ghosn in November.
AT&T surges as Elliott Management says stock could hit $60
AT&T shares surged in pre-market trade on Monday after activist investor Elliott Management wrote a letter to its board outlining a plan to restructure the business and unlock value that could see the shares hit $60.
Air France-KLM tumbles on reported interest in Aigle Azur
Air France-KLM shares fell sharply on Monday amid reports suggesting that it might be set to table a bid for struggling regional carrier Aigle Azur even as the company warned of the toll that softer economic conditions were taking on its own business.
Netflix and Amazon double spending on UK shows
Netflix and Amazon have almost doubled the amount that they spend on UK made TV shows over the last year to £280. 0m.
New York Attorney General heads up Facebook antitrust investigation
New York attorney general Letitia James confirmed on Friday that she was heading up a bipartisan investigation into social media giant Facebook following allegations of antitrust breaches.
H&M halts leather purchases from Brazil to fight rainforest wildfires
Fashion retailer H&M announced on Thursday that it had stopped purchasing leather from Brazil until assurances were given that it was not contributing to the harm being done to the Amazon rainforest.
Deutsche Bank cutting jobs in fixed-income unit
Deutsche Bank AG is cutting dozens of traders and salespeople in its global fixed-income ranks as part of the firm’s overhaul.
Shell, BP, Equinor and Total not aligned with Paris climate agreement
Major oil and gas companies such as Shell, BP, Equinor and Total are not aligned with the Paris climate agreement and are in fact undermining the fight against the climate crisis with investments worth $50bn in fossil fuel projects, new research alleged.
Ofgem fines Engie Global Markets £2.1m over gas price manipulation
UK Gas and Electricity regulator Ofgem has fined Engie Global Markets £2. 1m followinig accusations that it engaged in “spoofing” to manipulate gas prices in 2016.
Danske Bank hires Commerzbank's Stephen Engels as its new CFO
Danske Bank announced on Thursday it has appointed Stephan Engels from Commerzbank as its new chief financial officer to replace Christian Baltzer.
Amazon pays £220.0m in UK tax in 2018 despite whopping £11.0bn in sales
Amazon was accused of not paying enough UK tax after coughing up just £220. 0m in 2018 despite having reported revenues of £10. 9bn.
Bayer hires former J&J executive to manage pharma deals
Bayer said it hired Johnson & Johnson executive Marianne De Backer to manage acquisitions and licensing deals at its drugs unit.
Huawei scores 50 5G contracts despite US pressure
Huawei has closed over 50 contracts with mobile carriers all over the world for 5G network.
Just Eat shareholder Eminence Capital to oppose Takeaway.com deal
Just Eat was under pressure as it emerged that shareholder Eminence Capital, a US asset management firm, intends to vote against its planned £9bn merger with Dutch peer Takeaway. com.
New EU executive to crack down on US tech giants
The European Union's new executive will not grant America's tech giants any tax relief and will devise new laws to regulate the companies and artificial intelligence technology, the Wall Street Journal reported on Tuesday.
New York Times pulls sponsorship for London Oil and Money conference
The New York Times newspaper has binned its plans to sponsor one of the world's biggest oil industry conferences following pressure from environmental activists.
Tata Steel to close Newport factory leaving 380 unemployed
India's Tata Steel is set to close its factory in Newport, south Wales risking leaving around 380 people unemployed.
Continental considering spin-off of Powertrain division
German auto parts supplier Continental said on Monday that it has decided to consider a spin-off of its Powertrain division with subsequent listing as an alternative to a partial listing.