International Companies
Caixabank agrees to buy Bankia for €4.3bn
CaixaBank has agreed to buy its rival Bankia for about €4. 3bn (£3. 9bn) to forge Spain's biggest domestic lender in a deal prompted partly by the Covid-19 crisis.
Interim trial data for Moderna Covid-19 vaccine expected in November, perhaps October
Moderna will seek emergency use approval for its Covid-19 vaccine candidate if its proves to be at least 70% effective in the ongoing phase three clinical trials.
Martin Franklin-backed blank cheque company to launch on London market - report
A group of investors are poised to float a special purpose acquisition company on the London Stock Exchange, with the intention of raising $750m.
Deloitte fined record £15m for failings in audits of its software company
Deloitte was fined a record £15m fine over failings regarding audits of its software company Autonomy between 2009 and 2011.
US database specialist Snowflake rockets on first day of trading
Shares in Snowflake were being called to start trading at as high $175, or 46% above the price set for their initial public offering.
Eli Lilly monoclonal antibodies may reduce Covid-19 hospitalisations, study shows
Monoclonal antibodies being trialled by Eli Lilly appeared to help some patients rid themselves of the Covid-19 vrius more quickly.
Inditex reaches 'turning point' as stores reopen
Zara-owner Inditex said on Wednesday it had hit a turning point in the second quarter as trading started to normalise, enabling the world's biggest fashion retailer to return to profitability.
Suez to sell recycling units to Schwarz Group's PreZero
French waste management company Suez said on Wednesday that it is in exclusive negotiations with Schwarz Group's environmental division PreZero about the sale of its waste-recycling and recovery businesses in the Netherlands, Germany, Luxembourg and Poland for an enterprise value of €1. 1bn.
No safety issues with Covid-19 vaccine trial so far - Pfizer
Pfizer's phase three clinical trial for its Covid-19 vaccine candidate has encountered no safety problems even after over 12,000 volunteers had been administered a second dose.
H&M back in the black despite Covid-19 hit, shares jump
Shares in H&M Hennes & Mauritz jumped on Tuesday after the Swedish fashion group said it had returned to profit.
Policyholders claim partial victory in Covid-19 business interruption test case
The Financial Conduct Authority has claimed a partial victory in a closely-watched test case concerning business interruption payouts during the Covid-19 pandemic.
Fiat, Peugeot shares rise as merger terms adjusted
Fiat Chrysler shares were sharply higher on Tuesday after the terms of its planned €50bn merger with Peugeot were revised by the two car makers.
Citi becomes latest bank to resume job cuts
Wall Street lender Citigroup is to resume global job cuts after layoffs were paused during the height of the Covid-19 pandemic.
UBS and Credit Suisse exploring possible merger - report
Swiss lenders UBS and Credit Suisse are allegedly exploring a possible tie-up, in a move that would create one Europe’s biggest banks, it was reported on Monday.
ByteDance rejects Microsoft offer for TikTok, partners with Oracle instead
Chinese tech company ByteDance has decided to reject Microsoft's bid to buy video app TikTok and partner with Oracle instead.
Amazon to hire 100,000 more workers in 2020
Amazon announced on Monday that it would be recruiting 100,000 more workers in the US as part of its fourth hiring spree of 2020 to keep pace with the jump in demand for e-commerce during the pandemic.
Uber continues court fight over London ban
Uber will take the fight against the ban imposed on its operations in London to the UK's courts for a second time this week.
Softbank sells chip designer Arm to Nvidia for $40bn
Japan’s SoftBank said it had agreed to sell Arm Holdings to Nvidia for $40bn, just four years after buying the chipmaker.
Verizon to buy value mobile provider Tracfone from America Movil
Verizon has agreed to buy US pre-paid and value mobile provider Tracfone from America Movil in a cash and share deal valued at more than $6bn.
Euronext offers to buy Borsa Italiana from LSE
Euronext confirmed on Monday that it has made a non-binding offer to buy Borsa Italiana from London Stock Exchange.