AstraZeneca plc (LON: AZN) confirmed on Tuesday that it had sold commercial rights to its drug for hypertension management for £294.44 million to Cheplapharm Arzneimittel GmbH. AstraZeneca is almost flat on average on the intraday chart. At £74 per share, the stock has recovered significantly compared to the low…
In a statement on Tuesday, Plus500 Ltd (LON: PLUS) said that it expects an over 100% growth in its annual revenue. The company attributed the hawkish forecast to the Coronavirus pandemic that fuelled trading volumes this year in financial markets. In its report published in July, the British…
Next plc (LON: NXT) raised its guidance for annual pre-tax profit on Tuesday, but warned that the figure will remain significantly weaker than last year. The company also said that trading during the Christmas period remained under pressure this year due to the ongoing Coronavirus pandemic that has so…
WM Morrison Supermarkets plc (LON: MRW) said on Tuesday that its underlying sales posted a significant increase on a year over year basis in the 22 weeks that concluded on 3rd January. The company attributed the increase in sales to the Coronavirus pandemic that restricted people to their homes…
In an announcement over the weekend, Tesla Inc. (NASDAQ: TSLA) said that it topped analysts’ estimates for vehicle deliveries in 2020. The company attributed its better than expected full-year vehicle deliveries to a continuous shift to electric vehicles in 2020. Tesla shares climbed to a record high of…
In a report on Sunday, the Wall Street Journal said that MGM Resorts International (NYSE: MGM) plans on buying Entain plc. The agreement with the British gaming company, the report added, will help the casino operator expand its footprint in the online gambling business. MGM Resorts is currently exchanging…
Ferguson plc (LON: FERG) said on Monday that it had struck a deal with a private equity company based in the United States to offload its U.K. business, Wolseley, for £308 million in cash. The British multinational also highlighted that it expects to complete the transaction by the end…
Daimler Trucks North America (ETR: DAI) said on Thursday that it will pay a civil penalty worth £21.94 million in the United States to settle an NHTSA (National Highway Traffic Safety Administration) launched investigation of delayed recalls. Daimler has recovered sharply from a low of £19.71 per share in…
In a report on Friday, Yomiuri Shimbun (daily newspaper) said that Nissan Motor (TYO: 7201) was considering reducing its operations further in Europe. Sales and manufacturing of Nissan cars, the report added, is expected to be outsourced to alliance partner Renault. Nissan has recovered sharply in the stock market…
In an announcement on Friday, Tesla Inc. (NASDAQ: TSLA) said it will deliver its China-made Model Y sports-utility vehicle (SUV) to the countrywide customers in January. The announcement comes roughly two months after China had given the green signal to the electric car manufacturer to sell its local-made SUV.
A source confirmed on Friday that Huawei took an aggressive step of removing Tencent’s (HKG: 0700) online games from its app store as the two companies couldn’t strike a deal over revenue sharing. The news comes more than a month after Tencent had announced a 29% annualised growth…
Countrywide plc (LON: CWD) agreed to the sweetened buyout proposal from Connells Ltd on Thursday. It was the second time for the property services company to raise its buyout offer. Other prominent bidders seeking to bring Countrywide under their umbrella included private equity firm, Alchemy. Countrywide opened more than…
In an announcement late on Wednesday, Aldi said that it plans on increasing its purchase of food and drinks by £3.5 billion from British suppliers over the next five years. Holding the 5th spot in the league of the UK’s largest supermarket groups, Aldi is currently committed to a rapid…
Sources confirmed on Tuesday that Tesla Inc. (NASDAQ: TSLA) signed an agreement with Sichuan Yahua Industrial Group Co Ltd under which the Chinese company will supply lithium hydroxide (battery-grade) to the world’s largest electric car manufacturer for the next five years. Tesla shares jumped a little under 1%…
In an announcement on Wednesday, McCormick & Co. (NYSE: MKC) said it had acquired FONA International for £521.79 million in cash. FONA is an Illinois-based flavour company that focuses on health and nutrition. In a report published late in September, the global food company had posted £160.11 million…
Energean Oil & Gas plc (LON: ENOG) said on Wednesday that it struck an agreement with Kerogen (private equity group) to buy the remaining 30% stake in Energean Israel Limited (EISL). Following the completion of the transaction, the gas exploration and production firm will have full control of its…
AstraZeneca plc (LON: AZN) said it received approval from the United Kingdom for its COVID-19 vaccine that it developed in collaboration with Oxford University on Wednesday. Britain is the 1st country to have approved the pharmaceutical giant’s COVID-19 vaccine for use as it struggles to combat the pandemic that…
In an announcement on Tuesday, Alitalia said it secured approval from EU competition regulators for state-backed financial support valued at £66.22 million. The news comes after the largest airline of Italy reported 19 of its routes to have seen significant operating losses in the four-month period that concluded in October.
Ant Group Co Ltd plans on folding consumer lending and the majority of its other online financial operations into a holding company. Sources also confirmed on Tuesday that the said company will be regulated much like a conventional financial firm. It is yet to be revealed if Alipay – the…
German SAP-owned Qualtrics International Inc. said late on Monday that it had filed for an IPO in the United States valued at up to £74.20 million. SAP SE (ETR: SAP) acquired the U.S. based technological services provider in 2018 for £5.94 billion. Qualtrics reports a 32% growth in revenue…
In an announcement on Tuesday, Hut Group (LON: THG) said it will buy Dermstore for £259 million in cash – a move that’ll help its beauty brands secure a broader share in the U.S market. Dermstore is a California-based online retailer for skincare and beauty products that is currently a…
In an announcement late on Sunday, Alibaba Group Holding Ltd. (HKG: 9988) said it will repurchase £7.41 billion worth of shares through 2022. Previously, the company had valued its stock repurchase program at a much lower £4.44 billion. The share buyback programme started earlier in the current quarter, and…
Weibo Corporation (NASDAQ: WB) published its financial results for the fiscal third quarter on Monday that came in better than what analysts had anticipated. The company attributed its hawkish performance to the ongoing Coronavirus pandemic that restricted people to their homes resulting in more users turning to social networks this…
In an announcement on Monday, Delivery Hero SE (ETR: DHER) said it received approval from regulators to takeover Woowa Brothers – the owner of the top South Korean food delivery app. The approval, however, came with a condition that the German food-delivery service will offload Yogiyo – another South…
In an interview with the German regional daily newspaper on Sunday, Augsburger Allgemeine, Chief Executive Oliver Zipse of Bayerische Motoren Werke AG (ETR: BMW) said that the luxury automaker had plans of boosting production of electric vehicles. The CEO said: “We are significantly increasing the number of electric vehicles.
