Latest News

BP plans to sell US biogas business as profits soar


By Goran Nastic

BP's first full quarter under CEO Meg O'Neill saw profits more than double to $5.7bn and the petro giant today announced it intends to sell Archaea, its biogas business in the US.

Underlying profit rose to $5.7bn in the second quarter from $3.2bn in the previous three months, while reported profit was broadly unchanged at $3.9bn


Highlighted Content

Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


Story 2

HSBC resumes $1bn share buyback

HSBC said it will resume share repurchases with a new programme of up to $1bn, after first-half profit jumped 23% to $19.5bn, ahead of market forecasts

Story 3

Segro agrees to £14bn offer from Prologis

Segro has announced that it has agreed to the terms of Prologis’ "final" combination offer, valued at £14bn

Story 4

Domino’s cooks up strong H1 following World Cup uplift

Domino’s has recorded what it has described as a "strong H1 trading performance", as its like-for-like sales jumped by 4.9% year-on-year

Story 5

AstraZeneca reportedly in $400bn Bristol Myers Squibb merger talks

AstraZeneca is said to be in talks to acquire US drugmaker Bristol Myers Squibb in a deal that would create a pharmaceutical group worth almost $400bn (£300bn).

The proposed transaction, first reported by the Financial Times this morning, would rank among the largest pharmaceutical mergers ever completed and create the world's fourth-largest listed drugmaker by market value

Story 6

easyJet extends Castlelake takeover deadline

easyJet has extended Castlelake's deadline to make a firm takeover offer until 7 August, aligning it with rival bidder Apollo, as the airline keeps both suitors in the running for a potential acquisition

Story 7

Clarksons’ shares jump as profits rise 56%

Shares in Clarksons increased by over 14% in early trading after the shipping services firm reported that its underlying pre-tax profit jumped by 56% year-on-year in the six months to 30 June

Story 8

RWS acquires French language tech firm for £22.4m

RWS has agreed to acquire the French global provider of language and content services, Acolad, for £22.4m

Story 9

FCA reforms transaction reporting rules

The Financial Conduct Authority (FCA) has finalised reforms to the UK's transaction reporting regime that it said will reduce compliance costs for financial firms by more than £108m a year while still maintaining the high-quality data needed to detect market abuse and supervise markets

Story 10

Sainsbury's sells Argos for £120m

Supermarket chain Sainsbury's has agreed to sell Argos to newly formed investment vehicle Swift Partners for at least £120m in order to sharpen its focus on its core grocery operations.

ITV announces £100m buyback ahead of M&E sale to Sky

Commercial broadcaster ITV reiterated its full-year guidance and announced a £100m share buyback ahead of the sale of its Media & Entertainment (M&E) business to Sky
Taylor Wimpey struggles in 'uncertain' market

Taylor Wimpey has seen its share price drop by almost 5%, after stating in its H1 update that its second quarter was "more challenging" as affordability pressures were exacerbated by the Middle East conflict
IAG capacity drops following Middle East impact

International Airlines Group (IAG) has seen its capacity drop lower than expectations in the first half of the year, following the impact of the Middle East conflict and the timing of Easter


View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies