Deal set to create world’s third-biggest premium spirits company
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Friday 06 February 2009
Monday 02 February 2009
It was a monumental week for the big miners as Rio Tinto sold assets, it admitted that it may have to turn to shareholders for extra capital, and talks emerged over a multi-billion investment by Chinalco, while Xstrata said it was to raise £4.1bn in a heavily discounted issue. This was against a background of weaker commodity prices which saw the sector drag down the FTSE 100 at the end of the week.
Friday 09 January 2009
Wednesday 24 December 2008
Tuesday 18 November 2008
Plumbing and building supplies firm Wolseley today announced plans to cut 2,000 jobs and close more than 200 branches in the UK and Ireland.
Sunday 16 November 2008
Is all this gloomy talk making things much worse? This may seem a little odd to ask after a week in which more than 20,000 people lost their jobs. On Friday another 3,000 jobs went at Royal Bank of Scotland while Citibank said it was slashing 10,000 jobs , many of them at Canary Wharf. Two more banks, Clydesdale and Yorkshire, are planning to cut 350 jobs and many more thousands will go from financial services.
Wednesday 22 October 2008
GlaxoSmithKline, the UK’s biggest drugs group, is set to embark on a programme of acquisitions as increased competition from generic rivals, and falling sales of its established treatments, has put pressure on the group’s traditional markets.
Wednesday 01 October 2008
The UK's biggest drug maker, GlaxoSmithKline, said yesterday that it is axing as many as 850 jobs in its British and US research and development units. The cuts, intended to improve productivity, are in addition to the 350 loses announced in June.
Tuesday 09 September 2008
GlaxoSmithKline's top North American director, who missed out on becoming the drug giant's chief executive this year, has given up as much as £2.5m in retention payments after resigning yesterday.
Thursday 24 July 2008
GlaxoSmithKline's new chief executive signalled his intent to launch an expansion drive into the emerging markets yesterday as he revealed his strategic objectives for the first time and announced a "transformational" partnership with a South African drugs company.
Monday 21 July 2008
The market will be keen to hear from Yell, the directories group which is due to publish first-quarter results on Thursday.
Tuesday 15 July 2008
The UK's biggest pharmaceutical group, GlaxoSmithKline, is to pay up to £1.2bn for the rights to develop and sell almorexant, an anti-insomnia treatment in its final stage of testing.
Thursday 12 June 2008
Our view: Sell
Thursday 29 May 2008
It was good to see Nicholas Faith crediting Austin Bide [obituary, 24 May] with the principal responsibility for the transformation of Glaxo from the 1970s, an achievement which, as a result of Austin's reluctance to seek personal publicity, has tended to be attributed to others, writes Dr D.W. Budworth.
Monday 26 May 2008
HSBC is set to be the next big British company to feel the wrath of its shareholders over directors' pay, when plans to make as much as £120m in bonuses available to its executive team will be presented at the bank's annual general meeting on Friday.
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