Amgen to layoff 350 former Horizon employees following $28B purchase
It is often a matter of how many and when layoffs will occur in the biopharmaceutical industry after a merger.…
Yearly Archives
2023
Chevron purchases Hess for $53bn in fossil fuel bet
Chevron agreed to purchase Hess for $53 billion in an all-shares deal, as the American oil giant doubles down on…
Bunzl sales drop as pandemic boost fades
Bunzl, world's largest distributor of workplace products, reported that a decline in revenue due to a drop in…
ScS accepts a takeover of Italian rival for £100m
ScS will be taken private following a recommendation to the shareholders of a deal which values the British sofa…
The Catastrophe bond market is set for a major surge in issuance
This year, the market for catastrophe bond is one of the best performing debt classes. The World Bank is a major…
London’s latest listing flop ranks as the worst IPO of the Year
New London listings continue to face problems. The processor of currency transactions, CAB Payments Holdings Ltd.,…
Barclays Market Value Drops After UK Loan Margin Squeeze
Barclays Plc plans to cut costs, after the bank giant's trading division failed to meet expectations in the third…
California bans GM Cruise driverless cars
California regulators have banned Cruise's self-driving vehicles from state roads. This is a blow to the General…
UK removes the cap on banker’s bonuses
As part of its post Brexit push to boost London's City, the UK announced it would scrap the EU-inherited cap on…
UK is a great place for investors and startups in Biotech, Life Sciences
It's the time of year when the UK is positioned as a leader in technology.
The government will convene…
AstraZeneca praises “clinically meaningful” cancer drug trial results
AstraZeneca announced the full results of its trials at a medical conference on Monday, in an attempt to reassure…
The contract at the heart of the $11bn claim against Nigeria has been found to be…
After years of legal disputes, a London judge has ruled that the contract at its centre in a long-running saga…
Chestertons, a UK estate agent, sold Emeria to Emeria
Chestertons, the UK's oldest real estate agent, was sold to an European group that provides technology and services…
St James’s Place stops trading in Property Fund
St James's Place suspended trading of its property fund due to a spike in redemption requests from investors.
On…
Recep Tayyip Erdo submits Sweden’s Nato application to Turkey’s…
Recep Tayyip Erdoan, the president of Turkey, has sent Sweden's Nato application to the Turkish parliament for…
Do wealthy UK trusts hoard their charitable donations in order to avoid paying…
According to a think tank analysis, UK charitable foundations that have assets totaling more than £12bn only give…
Northvolt plans Stockholm listing for potential $20bn IPO
Northvolt wants to list its shares at Stockholm, over other venues. This would be one of the biggest flotations in…
Bill Ackman’s bearish bet ends as US Treasury yields drop from 16-year high
After rising to a record high of over 5 percent for the first 16 years, the yield on the 10-year US Treasury fell…