News

News

Servier buys Shire arm for £2.4 billion

FTSE 100 biotech company Shire (LON:SHP) has made a $2.4 billion deal with international pharmaceutical company Servier for the sale of its Oncology business. Shire...

Sir Martin Sorrell steps down from WPP after misconduct allegations

Shares in advertising agency WPP (LON:WPP) sunk over 5 percent at market open on Monday, after its chief executive announced his resignation over misconduct...

London Stock Exchange confirms David Schwimmer as new chief

The London Stock Exchange named ex-Goldman Sachs banker David Schwimmer as its new CEO, after Xavier Rolet stepped down in November. Schwimmer has spent the...

Volkswagen announce new CEO, Herbert Diess

Herbert Diess will become Volkswagen's (ETR: VOW3) new CEO, replacing Matthias Müller who will step down immediately. Diess will head the shakeup of the company, who...

Uber acquires bike share startup Jump

Uber has announced plans to acquire the New York City-based e-bike startup, Jump Bikes. The car-hailing app has not confirmed what the deal is worth but...

Travel business performance boosts Saga shares by 8pc

Shares at over-50s insurer Saga (LON:SAGA) soared over 8 percent at market open on Thursday, as underlying profit for the full year to January...
Tesco

Tesco profits rebound after turnaround initiative

Tesco (LON:TSCO) reported a sharp rise in profits for the year in spite of a challenging retail environment. The UK's largest supermarket reported pre-tax profits of...
spending

High street faced toughest year in six years in 2017

The UK high street survived its toughest year since 2010 last year, with store closures soaring as competition from internet retailers hots up. A net 1,700...
mccarthy

McCarthy & Stone shares fall 8 percent as profit plunges

Retirement property builder McCarthy & Stone (LON:MCS) recorded a 52 percent drop in profits in its latest half year results, due to fewer building...

British Gas to increase energy bills by 5.5pc

British Gas (LON: CNA) has announced plans to increase energy bills rise by 5.5 percent to £1,161 a year from the end of May. Customers will...