International Companies
Profits beat forecasts at H&M
Profits came in ahead of expectations at fashion giant Hennes & Mauritz on Wednesday, as shoppers returned to stores and strong demand saw more clothes sold at full price.
Berenberg initiates coverage of Just Eat Takeaway at 'sell'
Berenberg initiated coverage of Just Eat Takeaway on Wednesday with a ‘sell’ rating, saying that near-term trading will remain muted and the Grubhub sale will disappoint, sending shares in the food delivery company tumbling.
Walgreens abandons Boots sale
The US owner of Boots said on Tuesday that it has decided to abandon the sale of the UK chemist chain as it hasn’t been able to attract an adequate offer.
Evergrande faces winding up petition in Hong Kong
A winding up petition has been filed against China Evergrande Group, the embattled Chinese property developer.
Permira, H&F to buy Zendesk in $10.2bn deal
Zendesk said on Friday that it has agreed to be bought by an investor group led by private equity firms Permira and Hellman & Friedman in a $10. 2bn all-cash deal, sending shares in the San Francisco-based software maker surging.
Zalando warns on profits, shares slump
Online retailer Zalando issued a profit warning on Friday as the ongoing cost-of-living crisis weighed on demand.
Eurozone business growth eases to 16-month low in June
Business growth in the eurozone eased in June to a 16-month low as prices continued to surge and demand stalled, according to a survey released on Thursday.
Pfizer to buy 8.1% stake in French vaccine company Valneva
Pfizer said on Monday that it has agreed to buy an 8. 1% stake in French specialty vaccine company Valneva for €90. 5m, or €9. 49 a share.
Klarna mulling fresh fundraise at much lower valuation
Buy now, pay later lender Klarna Bank is mulling a fresh fundraise at a much lower value than what it achieved last year, it was reported on Friday.
Eurozone trade deficit widens
The Eurozone’s trade deficit widened in April, official data showed on Wednesday, as industrial output came in below expectations.
Billionaire founder moves to take Continental Resources private
Harold Hamm, the billionaire founder of Continental Resources, has launched a bid to take the US energy firm private.
Shares plunge as Atos unveils break-up plans
Shares in Atos fell sharply on Tuesday after the French tech giant announced plans to break itself up as well as the surprise departure of its newly-installed chief executive.
Musk to speak to Twitter employees about $44bn takeover
Elon Musk is to address Twitter employees directly this week, for the first time since agreeing to buy the social media platform in an increasingly fractious $44bn deal.
Credit Suisse put on watchlist by FCA - report
The UK financial watchdog has reportedly put Credit Suisse on a watchlist of companies in need of closer supervision.
State Street not interested in buying Credit Suisse
US bank State Street has denied it is in talks to buy Credit Suisse.
Takeover rumours are 'stupid' - Credit Suisse chief
The chief executive of Credit Suisse has dismissed rumours of a possible takeover approach as "really stupid".
Apollo, Reliance consortium said to have made binding offer for Boots
A consortium of Apollo Global Management and Reliance Industries has reportedly made a binding offer for Walgreens Boots Alliance's international arm, Boots.
UK shoppers cutting back on essentials - Poundland owner
The owner of budget retailer Poundland has warned that the mounting cost of living crisis in the UK was forcing shoppers to cut back on essentials.
Musk's efforts to finance Twitter acquisition on hold amid spat with takeover target
Elon Musk's funding efforts for his attempted takeover of Twitter are being stymied by the uncertainty around whether the deal will finally go through.
Credit Suisse warns on profits for third time this year
Credit Suisse issued its sixth profit warning in seven quarters - its third this year alone - on Wednesday morning, as its clients scaled back on risk in tough market conditions.