International Companies
Lanxess, Advent to buy DSM's engineering materials business for €3.7bn
Specialty chemicals group Lanxess and private equity firm Advent International have agreed to buy DSM’s Engineering Materials business (DEM) for around €3. 7bn.
Issa Brothers, TDR consider dropping out of Boots race - report
A consortium backed by the billionaire Issa brothers is reportedly considering dropping out of the bidding for the Boots chemist chain.
Twitter shareholders sue Elon Musk over takeover bid
Twitter shareholders have taken legal action against Tesla chief executive Elon Musk, accusing him of acting illegally in his takeover bid.
EY considering options for audit division after spin-off reports
EY confirmed to staff overnight that it is considering options for its audit division, after a report from the Financial Times suggested it was planning to spin out the operation.
Broadcom to buy VMware in $61bn deal
US chipmaker Broadcom said on Thursday that it has agreed to buy VMware in a $61bn cash and share deal.
Hipgnosis-Blackstone fund buys Justin Timberlake's catalogue
Hipgnosis Song Management has acquired Justin Timberlake’s back catalogue, it emerged on Thursday, using cash from the Blackstone-backed fund it launched last year.
Musk pledges more equity funding for Twitter takeover
Elon Musk has pledged further equity funding for his $44bn offer for Twitter, after letting a $6. 25bn margin loan commitment lapse.
CMA opens fresh probe into Google's ad practices
The Competition and Markets Authority is investigating whether Alphabet division Google has broken the law by restricting competition in the digital advertising technology market, it announced on Thursday.
HSBC plots IPO of Indonesian business
Lender HSBC was said to have been working towards an initial public offering of its Indonesian business as part of an effort to take advantage of investor demand in the heavily-populated nation.
Volkswagen settles UK 'Diesel Gate' claims for 193m pounds - Sky
Volkswagen has reached a settlement with over 100,000 UK car owners affected by the sale of diesel cars that had been installed with illegal devices to defeat emissions testing.
German economy nudges higher as sentiment steadies
The German economy strengthened marginally in the first quarter, official data showed on Wednesday.
Klarna planning to cut 10pc of its global workforce
Consumer credit provider Klarna is planning to axe 10% of its staff, it was reported on Tuesday, as the company warned that a recession looked likely.
Shares tumble as Treasury mulls windfall tax on electricity generators
Shares in electricity generators tumbled on Tuesday after it emerged that chancellor Rishi Sunak was considering imposing a windfall tax on excess profits.
Broadcom and VMware in takeover talks - reports
Chipmaker Broadcom is in talks to acquire fellow US technology firm VMware, it was reported on Monday.
JPMorgan boosts 2022 earnings forecast
JPMorgan Chase boosted its 2022 profit guidance on Monday, on expectations it will benefit from higher interest rates.
Gazprom Energy mulling name change - report
Gazprom Energy is considering rebranding, it was reported on Monday, as it looks to distance itself from its state-owned parent.
Siemens Energy launches EUR 4bn bid for ailing Gamesa
Siemens Energy announced a €4. 05bn (£3. 43bn) bid for the rest of Siemens Gamesa over the weekend, as the ailing wind turbine engineer faced mounting issues with its operations and ongoing product delays.
Barclays backing Issa brothers bid for Boots - report
Barclays is reportedly leading of group of banks backing TDR Capital and the Issa brothers on their multibillion pound bid for the Boots chemist chain.
Target Q1 earnings fall short of expectations
US retail giant Target posted quarterly earnings that fell well and truly short of analysts' expectations on Wednesday as the firm suffered heightened freight costs, bigger markdowns, and lower-than-expected sales of discretionary items.
Twitter insists $44bn Musk deal will go ahead
Twitter has insisted that Elon Musk’s $44bn takeover will go ahead, despite the Tesla billionaire claiming to put the deal on hold over a row about fake accounts.