Massachusetts-based company is working on new treatments for gastrointestinal cancers Business live – latest updates GSK has struck a deal worth up to $1.15bn (£950m) to acquire a Massachusetts-based developer of rare cancer therapies,...
Around-the-clock work will be commonplace to tackle an M&A surge fuelled by tax changes, activist investors … and the Trump factor Whether they’re on skis or a sunlounger, there is no beach, mountain or fireside that can spare...
British clothing and home furnishings brand sold by Gordon Brothers to Marquee Brands Laura Ashley has been acquired by New York-based Marquee Brands, the owner of 17 businesses including Ben Sherman and Martha Stewart. The clothing and...
Insurance takeover is likely to cast a pall of uncertainty over Christmas for many staff of combined group Business live – latest updates Aviva has agreed to buy the rival insurer Direct Line for £3.7bn, with up to 2,300 job cuts planned...
Potential deal sounds more like a credible plan for crisis-hit carmaker as its troubled alliance with Renault hits a dead end Until recently, the plan at crisis-hit Nissan was to muddle through somehow. About 9,000 job losses were...
Japanese car firms embark on negotiations to combat competition from bigger EV manufacturers Japanese carmakers Honda and Nissan will begin negotiations over a potential merger, according to reports. The Nikkei financial newspaper said...
Past talk of renationalisation gives way to approval of takeover in which price of first-class stamp could be set from Prague Royal Mail takeover by billionaire Daniel Křetínský approved Who is Daniel Křetínský, the new boss of Royal...
The lowdown on the Czech billionaire and how the takeover will affect the British postal service Royal Mail takeover by Daniel Křetínský approved Nils Pratley: Labour’s gamble with Royal Mail may go horribly wrong The UK government has...
UK government to retain ‘golden share’ in parent company International Distribution Services Who is Daniel Křetínský, the new boss of Royal Mail? Nils Pratley: Labour’s gamble with Royal Mail may go horribly wrong The sale of Royal...
Teresa Ribera says changes are needed to make it easier for innovative firms to merge and spur the green transition The EU’s new competition chief has signalled a shake-up of anti-trust rules to make it easier for innovative companies to...
ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’ Comment: Ashley doesn’t belong on Boohoo’s board Fast-fashion retailer Boohoo has won the support of an influential...
CEO has fared well in an embattled sector, turning around the UK’s biggest commercial public broadcaster despite the stubbornly low share price As Carolyn McCall enters her eighth year as boss of ITV she might be forgiven for wondering...
Preliminary agreement reached after third offer, which values Direct Line at 275p a share Business live – latest updates The insurance company Direct Line has accepted an improved offer from its bigger UK rival Aviva, in a deal valuing...
US private equity firm General Atlantic swoops on Learning Technologies Group as exodus from London stock exchange continues An educational training company is joining the exodus from the London stock exchange after agreeing to an £802m...
New management at struggling firm, which rejected £3.3bn bid from Aviva, ‘making excellent progress’, says CEO The Direct Line chief executive, Adam Winslow, has appealed to shareholders to give his team more time to turn around the...
Up to 2,700 jobs worldwide likely to be cut at London-listed company, including at its base in Oxford Business live – latest updates The car parts maker TI Fluid Systems has become the latest London-listed firm to succumb to an overseas...
Deterioration in delivery times adds further pressure on bosses just as takeover deal nears completion Royal Mail failed to deliver about a quarter of first-class post on time in recent months, marking a worsening in its recent delivery...
Armengol to replace Robin Bulloch in 2025 but owner Sabadell faces $13bn hostile takeover bid by BBVA TSB has appointed the former executive Marc Armengol as its new chief executive as the bank faces uncertainty over its future, with its...
Aviva offer looks to be opening shot in a negotiation – and Direct Line knows there will be a price at which it has to roll over Prepare for the dance. Aviva is a big grown-up FTSE 100 insurer with a respected chief executive who doesn’t...
Direct Line shares soar by more than 40% after initial 250p-a-share offer was rebuffed as ‘highly opportunistic’ Direct Line shares soared by more than 40% amid speculation rival Aviva could return with an even higher takeover offer, as...
Hedge fund D.E. Shaw has amassed a $1 billion stake in the industrial gas giant and is looking to make big changes to the company's board and operating model.
The about face comes as the board grapples with the activist's efforts, and just days before Starboard's Jeff Smith was slated to meet with the CEO, sources said.
Starboard's stake comes amid a time of struggle at the drugmaker, which has begun to cut costs aggressively as demand for its Covid-19 medicines recedes.
British retail investing app Freetrade has entered into an agreement with Australian rival Stake to take on all of the company's U.K. clients and their assets.
Rick Heitzmann, FirstMark Capital founder & partner, joins 'Fast Money' to talk tech investing after the Fed's rate cut announcement, the state of the IPO market and more.