International Companies
Bombardier sells aerostructures unit to Spirit Aerosystems
Bombardier sold its aerostructures arm to Spirit AeroSystems Holdings for approximately $1. 2bn as it pivots its aerospace arm towards business aviation.
Fiat Chrysler and Peugeot owner PSA Group confirm merger
Peugeot owner PSA Group and Fiat Chrysler have confirmed plans for a merger that would create the world's fourth-largest car maker.
Santander Q3 profits hampered by UK charges
Santander on Wednesday reported a drop in third quarter profits after being hit by impairment charges relating to its UK business.
Anixter to be bought by private equity firm CD&R in $3.8bn deal
US communications and security products supplier Anixter International said on Wednesday that it has agreed to be bought by private equity firm Clayton, Dubilier & Rice (CD&R) in an all-cash deal valued at around $3. 8bn.
GE beats on Q3 earnings, renewable energies unit enjoys favourable wind
General Electric posted better than expected earnings and revenues for the latest three-month stretch, despite the multiple headwinds that it faced during the quarter and as it moved to make the company leaner and bulk up its balance sheet.
Roche clears EMA hurdle for 'satralizumab'
Roche announced on Wednesday that the European Medicines Agency (EMA) has validated its marketing authorisation application for ‘satralizumab’, for the treatment of adult and adolescent patients with neuromyelitis optica spectrum disorder (NMOSD), granting it ‘accelerated assessment’.
Serco signs £800m contract with MoJ
Serco has signed a 10-year, £800m contract with the UK Ministry of Justice (MoJ) to provide prisoner escort and custody services for the South of England.
Fiat Chrysler and Peugeot parent PSA confirm merger talks
Fiat Chrysler and Peugeot owner PSA Group confirmed on Wednesday that they are in merger talks.
Deutsche Bank posts bigger-than-expected loss amid restructuring
Deutsche Bank reported a bigger-than-expected third-quarter loss on Wednesday as it took a hit from restructuring costs.
Credit Suisse pleased with third quarter performance in 'challenging' environment
Credit Suisse reported a 70% improvement in group pre-tax income in its third quarter results on Wednesday, to CHF 1. 1bn (£0. 86bn), while group net income rose 108% year-on-year to CHF 881m.
Airbus set to clinch near record order with IndiGo
European aerospace giant Airbus is set to clinch a multi-billion pound order from Indian budget carrier IndiGo.
Pfizer's quarterly profits jump past forecasts
US drug giant Pfizer easily beat the Street's expectations for quarterly earnings despite a shrinking topline and lifted its full-year guidance.
Spotify delivers unexpected Q3 profit following revenue growth
Spotify on Monday reported a leap in third quarter net profit as an influx of new users and subscribers drove better-than- expected revenue gains.
LVMH confirms Tiffany takeover talks
French luxury group LVMH confirmed on Monday that it had held preliminary discussions about a possible acquisition of US jeweller Tiffany & Co.
Takeaway.com urges Delivery Hero not to vote on Just Eat deal
Dutch online food delivery company Takeaway. com said on Monday that shareholder Delivery Hero must abstain from voting on its £4. 9bn acquisition of Just Eat due to a conflict of interest.
Google boosts search engine ranking efficiency with AI
Google has reached a new milestone in understanding search queries and now has the ability to consider the full context of a searched word using artificial intelligence.
Boeing criticised in investigation into Lion Air 737 MAX crash
Investigators say failings from Boeing, Lion Air and the pilots onboard led to the crash of a Lion Air Boeing 737 MAX off the coast of Indonesia in October last year which resulted in the deaths of 189 people.
WeWork set to axe 4,000 staff
WeWork plans to axe 4,000 jobs in a turnaround proposal by its major shareholder SoftBank that includes a pullback in Asia.
Tesla shares rocket after reporting unexpected Q3 profit
Tesla surprised the market on Wednesday with its third quarter net profit of $342. 0m, which sent its stock flying over 18% in pre-market trading, but the manufacturer's top-line recorded its first decline for seven year, a development that some analysts labelled concerning and said left the long-term 'growth story' "less clear".
Airbus set to sell 100 jets to Spirit Airlines
Airbus has sold 100 jets to Spirit Airlines in a provisional deal valued at $12. 0bn, marking the first sale to a US carrier since the Trump administration moved to slap tariffs on the aerospace manufacturer.