International Companies
Fastjet warns of imminent cash crunch as critical talks continue
Africa-focused carrier Fastjet warned on Monday that it only had enough cash to see it through to the end of the quarter, as critical discussions over its future continued.
Intel surges after topping Q4 estimates
Chipmaker Intel posted strong fourth-quarter earnings overnight that were boosted by an upswing in personal-computer shipments and robust demand for chips to power data centres.
American Express guides higher for 2020, pushing shares to record high
Shares in financial services giant American Express notched up a fresh record high as the company beat estimates on the Street for both its fourth quarter revenue and earnings, and guided higher on both its top and bottome lines.
Takeaway.com to delay Just Eat merger by a week due to CMA probe
Dutch food delivery service Takeaway. com said on Friday that it will delay the timetable for its £6bn merger with London-listed rival Just Eat by a week after the Competition and Markets Authority said it plans to investigate the deal.
Hg invests in medical imaging software firm Intelerad
Specialist private equity investor Hg has finalised an agreement for an investment in medical imaging software and enterprise workflow specialist Intelerad Medical Systems.
Siemens boss says Trump will offer support for reconstruction projects in Middle East
Siemens's boss said that US President Donald Trump would offer his support for the company in the reconstruction projects planned for Iraq and Syria.
Trump dilutes new environmental legislation after BP lobbying
Trump watered down a landmark environmental law which could allow major infrastructure projects to avoid certain checks after BP lobbied against it.
Roche reports positive results from latest risdiplam study
Roche announced positive topline results from the pivotal second part of the ‘FIREFISH’ study on Thursday, evaluating risdiplam in infants aged between one and seven months with type 1 spinal muscular atrophy (SMA).
Xiaomi still considering entering US market regardless of trade war
China's Xiaomi is still considering entering the US market despite America's stance against technology firms from the Asian giant and the ongoing trade war.
Jeff Bezos's phone hacked by crown prince of Saudi Arabia
The Amazon founder Jeff Bezos has suffered a mobile hack in 2018 by the crown prince of Saudi Arabia, reported the Guardian on Wednesday.
Daimler warns on profits as emissions fallout continues
Daimler, the German luxury car manufacturer, has once again warned on profits, as it continues to navigate the fallout from the emissions scandal and a switch away from diesel vehicles.
Rival Turkish bid being lined up for British Steel - report
The government is lining up a rival bidder for British Steel in case an agreed takeover by China’s Jingye falls through, it was reported on Wednesday.
Boeing 737 MAX return delayed until at least mid-2020
Boeing said it did not expect its controversial 737 Max aircraft to return to service until mid-2020 as it officially paused production while authorities scrutinise modifications.
IBM ends 2019 on a 'strong note'
International Business Machines (IBM) updated the market on its fourth quarter and full-year numbers for 2019 on Wednesday, reporting GAAP earnings per share from continuing operations of $4. 11 (£3. 15) for the final three months of the year, and operating, non-GAAP earnings per share of $4. 71.
Uber offloads Indian food delivery business
Uber has struck a deal to sell its Indian food delivery service to local food app Zomato.
UBS shares slide despite solid end to the year
Shares in UBS fell on Tuesday, after the Swiss bank pulled back on its targets despite a strong finish to the year.
Roche gets conditional approval in Europe for lymphoma therapy
Roche announced on Tuesday that the European Commission has granted conditional marketing authorisation for ‘Polivy’ (polatuzumab vedotin), in combination with bendamustine plus ‘MabThera’ (rituximab), for the treatment of adult patients with relapsed or refractory diffuse large B-cell lymphoma who were not candidates for a haematopoietic stem cell transplant.
Credit Suisses start Gazprom at 'neutral', says new payout policy priced-in
Analysts at Credit Suisse started coverage of London-listed Russian natural gas giant Gazprom a 'neutral' with a $9. 0 target price on its American Depositary Receipts, forecasting that the group's payout policy would rise to 5. 0% of profits by 2021, versus 30. 0% in 2019.
Travelex restores first customer-facing systems after hack
Travelex announced on Friday it had restored the first of its customer-facing services in the UK and that the return to normal operations was firmly underway.
Alphabet's market cap hits one trillion dollars
Google’s parent company Alphabet became a trillion-dollar company on Thursday for the first time, the fourth US firm to reach that milestone.