Hikma Pharmaceuticals was among London’s biggest gainers on hopes that shortages of generic painkillers will provide an earnings boost. Expectations of a price squeeze came after Pfizer, which supplies about three-quarters of the US market for injectable opioids, suspended production at an Indian plant.
Private equity group PAI Partners has entered exclusive talks to buy Asmodee, the company behind the cult Catan strategy games, from Eurazeo for €1.2bn including debt, according to two people familiar with the transaction.
US stocks cautiously edged up leaving Wall Street eyeing its third week of gains while the US dollar fell sharply after President Trump threatened tariffs on all imports out of China a day after taking a swipe at the Federal Reserve.
The North Carolina-based doughnut and coffee chain on Friday said it will acquire a majority stake in Insomnia Cookies for an undisclosed sum in a move that will expand parent JAB Holding’s coffee and resturant portfolio.
The Royal Bank of Scotland is closing its compensation scheme for customers of its disgraced restructuring unit that is alleged to have mistreated thousands of small businesses it was meant to help during the financial crisis.
Egyptian billionaire Nassef Sawiris and Fortress Investment co-founder Wes Edens have acquired a 55 per cent stake in Aston Villa, taking control of the one of the oldest clubs in English professional football which has been in the midst of a financial crisis.
The EU’s chief Brexit negotiator has said that he is ready to negotiate with the British government on options for preventing a hard border in Ireland, insisting that Brussels’ aim is not to divide different parts of the UK.
Global trade tensions escalated on Friday as Angela Merkel warned of the economic damage of US tariffs on European cars and Donald Trump said he was ready to press on with imposing duties on $500bn worth of Chinese imports.
Lloyds Banking Group has become the latest in a string of British financial institutions to run into IT difficulties, with customers left unable to transfer money for several hours due to problems with one of its most important payments systems.
US stock futures were a mixed bag on Friday as traders digest President Donald Trump’s latest threat to impose tariffs on all imported Chinese goods and pore through a new round of earnings from industrial conglomerates.
US industrial conglomerate Honeywell raised its full-year sales and earnings guidance for the third time this year, as strong growth across all segment of its businesses eclipsed uncertainties around US trade policies.
German Chancellor Angela Merkel on Friday warned that the brewing transatlantic trade war between the US and the EU was now “very serious” and stressed that the imposition of retaliatory tariffs would be the “worst solution.”
The most severe cyber attack in Singapore’s history targeted the personal details and outpatient medication of Prime Minister Lee Hsien Loong and accessed the data of a quarter of the city state’s population.
Germany’s Europe minister has said he is growing “nervous” about the state of Brexit negotiations as EU governments meet for their first formal discussion about the UK’s ‘white paper’ in Brussels today.
The Swiss arm of French-listed bank Rothschild & Co seriously breached Switzerland’s anti-money laundering rules according to the Swiss financial regulator, becoming the final bank to be reprimanded by the watchdog over its links to Malaysia’s 1MDB state investment fund.