GSK settles Zantac cancer lawsuits for $2.2bn
GSK, the second largest pharmaceutical company in Britain, has agreed to pay up to $2.2billion to settle 80,000 US…
Monthly Archives
October 2024
OpenAI uses public benefit structures to deter hostile takeovers
OpenAI has adopted a corporate structure that is still largely untested to protect itself from hostile takeovers,…
EU countries approve €35 billion loan to Ukraine
As part of a G7 initiative to fund Kyiv’s defense against Russian aggression, EU countries approved a loan to…
Hurricane Milton hits Florida
On Wednesday evening, Hurricane Milton hit Florida's heavily populated west coast. The storm brought…
Reeves says wealthy UK citizens will not be subject to a ‘tax on exit’
Rachel Reeves ruled out an exit tax for wealthy people who leave the UK in order to avoid higher taxes, in this…
Imperial Brands shareholder returns reach £2.8bn as tobacco prices rise
Imperial Brands will increase shareholder returns to £2.8 billion next year after continuing to generate huge…
Only two companies float on the London Stock Exchange during this dry summer
Only two companies listed on the London Stock Exchange in the third quarter. The total raised was £64.8m, an 82…
Job losses at UK suppliers due to Boeing and Airbus problems
Senior, a UK engineering company, will be forced to lay off staff due to the crisis at Boeing and the delays in…
Shein doubles profit in Britain with sales of £1.55bn
Shein, a Chinese-founded fast-fashion online retailer, doubled its profit in Britain, and overtook Boohoo, before a…
Diversified Energy believes in US listing as a way to reignite its fire
Diversified Energy, which joined London's junior oil and gas market seven years earlier, positioned itself as an…
Elliott, an activist says that its long-term perspective on Anglo American…
After acquiring a $1bn stake in Anglo American rival BHP, activist hedge fund Elliott described its long-term view…
Pension funds demand UK fiscal rule changes to spur investment
Investors who manage £1.7tn in assets have called on UK chancellor Rachel Reeves, to overhaul Britain's fiscal…
Battery manufacturers aim to ease EV anxiety with 5-minute charging
Asian battery manufacturers are racing to create new "superfast charging cells" for electric vehicles. These will…
Abu Dhabi sells 9.9% of Thames Water
Abu Dhabi's sovereign fund has written-off its investment in Thames Water, a blow for the Labour government who is…
Young Britons regret losing the right to work in EU after Brexit
Seb Kinsey, 18, grew up in Glossop near the Peak District, Derbyshire. Growing up there gave him a love for…
TGI Fridays’ rescue is overshadowed with closures and 1,000 jobs losses
After a failed rescue by private equity of the struggling British restaurant group, TGI Fridays has lost more than…
Vietjet wins appeal right in $250m court case
The right to appeal has been won by a Vietnamese airline facing a bill of up $250 million for compensation in a…
AstraZeneca signs a $2bn deal to Chinese firm
The largest pharmaceutical company in Britain has signed a license agreement with a Chinese firm that could be…