International Companies
FedEx withdraws guidance, takes Royal Mail down with it
Royal Mail shares were hammered by the negative read-across in markets from US peer FedEx's decision to withdraw its full-year guidance after Thursday's close.
Adobe to buy software design group Figma for around $20bn
Adobe confirmed on Thursday that it has agreed to buy Figma, a web-first collaborative design platform, for around $20bn in cash and shares.
CMA to launch 'in-depth investigation' into Microsoft's merger with Activision Blizzard
UK watchdog the Competition and Markets Authority will launch an "in-depth investigation" into Microsoft's merger with video games giant Activision Blizzard.
EDF warns on profits as nuclear output slumps
Outages at EDF Group’s nuclear power stations will hit profits by €29bn, the French energy giant warned on Thursday.
Adobe nearing deal to buy Figma - report
Adobe Inc. is reportedly close to agreeing a deal to buy Figma, a start-up that makes online design collaboration tools.
German government considers stake in gas importer VNG
Germany’s government is mulling the possibility of buying a chunk of a second large natural gas importer, it was reported on Thursday, as the energy crisis continued to worsen across Europe.
Google loses appeal against mammoth EC antitrust fine
Alphabet’s main operating subsidiary Google has lost its appeal against the European Commission’s biggest-ever antitrust fine, it emerged on Wednesday, with the bulk of the penalty being upheld.
Inditex H1 sales rise, temporarily increases production
Fashion retailer Inditex said on Wednesday that profits and sales had surged in the six months ended 31 July as it revealed it had decided to up manufacturing in order to battle potential supply chain issues over the next six months.
Google facing €25bn digital advertising lawsuit
Alphabet’s main operating division Google is set to face a €25bn (£21. 68bn) lawsuit in the UK and the European Union, it emerged on Tuesday, amid accusations of anti-competitive behaviour in digital advertising.
FCA flags 'likely' £306m Woodford Fund fine amid Link Group takeover
The City watchdog revealed the likely outcome of its probe into the collapsed Woodford Fund late on Monday, as part of its investigation into the planned takeover of its administrator, Link Group.
Twitter dismisses Elon Musk's latest claim
Twitter has once again insisted its takeover by Elon Musk will go ahead, after the social media platform dismissed the Tesla billionaire’s latest attempt to walk away from the contentious deal.
JPMorgan to buy payments fintech Renovite
JPMorgan has agreed to buy California-based cloud-native payments technology firm Renovite for an undisclosed sum.
Electrolux warns on profits as consumer demand falters
Electrolux warned on profits Monday, after the Swedish appliances manufacturer was hit by surging costs, weakening consumer demand and ongoing supply chain difficulties.
Australian watchdog launches probe into Entain
Australia’s financial crimes watchdog has launched an enforcement investigation into Entain Group, the owner Ladbrokes and Coral, over money laundering concerns.
Judge allows Musk to include whistleblower report in Twitter trial
Twitter shares jumped on Wednesday after The Wall Street Journal reported that a judge had ruled that Tesla owner Elon Musk can amend his countersuit against the social media company to include a whistleblower report.
Repsol sells 25% stake in upstream business to EIG for $4.8bn
Repsol said on Wednesday that it has agreed to sell a 25% stake in its upstream business to US fund EIG for $4. 8bn.
Volkswagen announces decision to go ahead with Porsche IPO
Volkswagen is set to brave the waters and go ahead with an initial public offering of its iconic Porsche brand of sportscars.
ADT secures more than $1.5bn in new investments, shares surge
ADT confirmed on Tuesday that it had secured investments totalling $1. 5bn from State Farm Insurance, and a further $150m from Alphabet's Google, sending shares in the company surging.
Boots to launch new online marketplace
Pharmacy chain Boots has announced plans to launch a new online marketplace that will welcome third-party brands into its digital offering.
UK service sector growth eases to 18-month low in August
Growth in the UK services sector eased to an 18-month low in August, according to a survey released on Monday.