(Reuters) – British drugmaker GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors. The sale will allow GSK to sharpen its focus on vaccines, cancer and infectious diseases, which are part of CEO Emma Walmsley’s plans to boost earnings at the …
GSK raises $1.5 billion from sale of remaining Haleon stake Read More »
(Reuters) – U.S. fund General Atlantic and Canadian pension fund CPPIB are readying a 3 billion euro ($3.26 billion) offer to buy Spain’s largest online real estate company Idealista, Spanish newspaper Expansion reported on Friday, citing unidentified market sources. Swedish private equity fund EQT, which has controlled Idealista since 2020, has hired investment bank Morgan …
OSLO (Reuters) -Norway’s $1.6 trillion sovereign wealth fund urged Shell on Friday to give investors more information about its revised climate targets, but said it would not back a call by a group of 27 shareholders for the oil company to strengthen those targets. The group of shareholders has filed a resolution to be voted …
Norway’s wealth fund asks Shell for more climate policy details Read More »
(Reuters) -Reddit has partnered with OpenAI to bring the social media platform’s content to popular chatbot ChatGPT, the companies said on Thursday, sending Reddit’s shares up 12% in extended trade. The deal underscores Reddit’s attempt to diversify its revenue stream by making its user-generated content available for training of artificial intelligence models. OpenAI will also …
OpenAI strikes deal to bring Reddit content to ChatGPT Read More »
MILAN (Reuters) – Italian police said on Thursday they had uncovered a billion-euro scam to obtain illegal tax credits from government incentives that were meant to encourage home renovations. Finance Police (GdF) in the northwestern town of Savona said they had placed 311 people under investigation and seized tax credits worth one billion euros ($1.09 …
Italian police uncover billion-euro tax credit scam Read More »
By Abhirup Roy and Nora Eckert (Reuters) – Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying “everything is on the table,” according to a company memo seen by Reuters. Discounts and sharp price cuts from competitors, including EV market leader Tesla, to sustain consumer demand …
Ford asks suppliers to cut costs in push to turn EV business profitable, memo says Read More »
By Pete Schroeder WASHINGTON (Reuters) – Jeff Riggs, a Montana businessman who owns a small data center, flew to Washington D.C. in November to meet with his U.S. Senator Steve Daines. The trip wasn’t his idea. It was arranged, paid for and scripted by Goldman Sachs as part of the bank’s aggressive campaign to water …
Basel battle: Goldman’s unlikely foot soldiers in the fight against bank capital hikes Read More »
(Reuters) – British drugmaker GSK said on Thursday it plans to sell about 385 million shares, representing its entire shareholding, in spun-off consumer healthcare business Haleon. The latest offload will mark the fourth set of disposal GSK has had in the Sensodyne toothpaste maker in a year. GSK, which initially retained a near 13% stake …
GSK intends to sell its remaining stake in Haleon Read More »
GRUENHEIDE, Germany (Reuters) – Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric vehicle maker’s plans. The green light from the Gruenheide council is just the first in a series of hurdles Tesla needs to clear before …
Tesla gets local council go-ahead for German factory expansion Read More »
By Siddharth Cavale and Aishwarya Venugopal (Reuters) – A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key suppliers and one of its retail rivals. American shoppers are opening their wallets, spending money on bargain-priced goods in stores and online, with …
Analysis-Walmart’s strong forecast signals a resilient consumer Read More »
