WPP shares have tumbled by the most in almost three decades after the world’s biggest advertising group said its sales will stagnate this year on the heels of a bigger than expected decline in the final three months of 2019.
Aston Martin’s losses deepened to more than £100m in 2019, the group said on Thursday as it announced plans to part ways with its financial chief following a turbulent year which culminated in a £500m rescue deal last month.
Shares in NMC Health, the struggling healthcare provider, have been suspended after it was forced to reveal unauthorised off-balance sheet financing, raising fresh concerns about a mounting accounting scandal that has sparked a boardroom clearout.
Bayer’s legal woes in the US have deepened, with the German chemicals and pharmaceuticals group disclosing on Thursday that it faces claims from 48,600 plaintiffs alleging that its Roundup weedkiller causes cancer.
Persimmon, the UK homebuilder under pressure to overhaul its culture, will begin its search for a chief executive now that David Jenkinson said he will step down “in due course” after a year in the job.
Reckitt Benckiser has taken a £5bn impairment on its acquisition of baby formula maker Mead Johnson as its new chief executive seeks to draw a line under a difficult period for the consumer goods group.
Ikea will start selling plant-based meatballs with just 4 per cent of the climate footprint of the group’s classic pork-and-beef ones as the flat-pack retailer seeks to slash its emissions by testing ideas such as renting out or refurbishing its furniture.
Russia’s Norilsk Nickel, the world’s largest producer of palladium, says carmakers won’t switch away from the metal in catalytic converters despite a record 80 per cent surge in prices over the past year.
Bob Iger is stepping down as chief executive of Walt Disney a year after extending his contract, handing day-to-day control of the world’s largest media company to the head of its theme parks business.