(Reuters) – European shares rose on Monday, extending the year’s upbeat start to a second week, as China reopened its borders overnight and U.S. and European data soothed nerves about aggressive tightening by central banks. The pan-European STOXX 600 gained 0.3% by 0812 GMT. The index clocked its best weekly performance in nine months on …
European shares rise on China reopening, rate hike optimism Read More »
(Reuters) -AstraZeneca said on Monday it has struck a deal to buy U.S.-based biopharmaceutical firm CinCor Pharma Inc for up to $1.8 billion to strengthen its pipeline of heart and kidney drugs and grow beyond its mainstay cancer business. AstraZeneca said it will pay $26 per CinCor share in cash, or $1.3 billion in total, …
AstraZeneca to buy U.S.-based CinCor Pharma in $1.8 billion deal Read More »
(Reuters) – British engineering contractor Keller Group Plc warned on Monday its annual operating profit would come in slightly below the bottom-end of market expectations, hit by financial reporting fraud in its Australia-based unit Austral. Analysts, on average, expect full-year operating profit in the range of 109 million pounds to 114 million pounds ($138.36 million), …
UK’s Keller Group warns on profit after financial reporting fraud at unit Read More »
(Reuters) -British Prime Minister Rishi Sunak has revived talks with Japan’s SoftBank Group Corp regarding a London listing for chip designer Arm Ltd, the Financial Times reported on Monday. Sunak met Arm’s Chief Executive Rene Haas last month in Downing Street and Masayoshi Son, the billionaire founder of SoftBank, joined via video, the report said, …
British PM Sunak revives talks for Arm’s London IPO -FT Read More »
By James Davey LONDON (Reuters) -Updates next week from Britain’s biggest retailers including Tesco, Sainsbury’s and Marks & Spencer are expected to confirm that while Christmas was not the disaster that some had feared, consumer demand is set to weaken in 2023, denting profit. Ahead of Christmas, European retailers fretted that the key trading period …
After Christmas relief UK retailers face 2023 reality check Read More »
(Reuters) – UK competition watchdog on Monday called for an in-depth probe into the potential joint venture between Dutch animal feed maker ForFarmers and British firm Boparan. The Competition and Markets Authority said the undertakings offered by ForFarmers and Boparan did not provide reasonable solution to the substantial lessening of competition pointed out by the …
UK competition watchdog directs in-depth probe into ForFarmers-Boparan deal Read More »
LONDON (Reuters) -British telecom group Vodafone said it had agreed the sale of its Hungarian business to local IT company 4iG and the Hungarian state, and would receive a total cash consideration of 1.7 billion euros ($1.82 billion) from the deal. The disposal, first announced in August, comes as Vodafone looks for a new chief …
Vodafone to receive $1.8 billion from sale of Hungarian unit Read More »
By Andrew MacAskill LONDON (Reuters) -British Prime Minister Rishi Sunak said on Sunday he was willing to discuss pay rises for nurses ahead of a meeting with public sector trade union leaders in an effort to end the biggest wave of industrial disputes in decades. Britain’s National Health Service, long treasured and funded by taxpayers, …
UK PM Sunak says he is open to discussing pay rises for nurses Read More »
(Reuters) -Twitter Inc made further staff cuts in the trust and safety team handling global content moderation and in the unit related to hate speech and harassment, Bloomberg news reported on Saturday. At least a dozen more cuts on Friday night affected workers in the company’s Dublin and Singapore offices, the report said, citing people …
Twitter further cuts staff overseeing global content moderation -Bloomberg News Read More »
DAR ES SALAAM – Tanzanian President Samia Suluhu Hassan on Saturday appointed Emmanuel Tutuba, previously a permanent secretary at the Ministry of Finance and Planning, to the position of central bank governor. Tutuba replaces Florens Luoga, who reached the end of his five-year tenure, and inherits an economy facing inflationary pressure – inflation stood at …
Tanzanian president appoints Emmanuel Tutuba as central bank governor Read More »
