Bayer has agreed to sell its Dr Scholl’s foot care business to private equity group Yellow Wood Partners for $585m, the latest in a series of disposals aimed at sharpening the German group’s focus in the wake of its troubled Monsanto takeover.
Halliburton’s quarterly results added further proof to the divergence in the global oil industry as the oilfield services group was fuelled by overseas growth while its North American business lagged behind.
Neil Woodford is among the investors to have ploughed another £50m into Atom Bank, as the first of Britain’s mobile-focused challenger lenders steps up its investment in an increasingly competitive market.
Amerisur Resources, a UK oil and gas company whose assets are based in Colombia, is the latest London-listed small cap producer to receive a takeover offer this year after it received an approach from Paris-based rival Maurel & Prom.
The French finance ministry said on Monday that it has fined retailer E.Leclerc a record €117.3m for “abusive commercial practices” that involved using its Belgian purchasing centre to put pressure on its suppliers.
Shares in JC Penney tumbled more than 15 per cent in premarket trade on Friday following a media report the struggling US department store operator had hired advisers to explore debt restructuring options.
Shares in Publicis, the world’s third-largest advertising group by revenues, dropped 8 per cent on Friday after the group cut revenue guidance for 2019 following a disappointing second quarter in the US.