China economy whacked by Omicron curbs and stalling property sector January 17, 2022 China’s economy is growing at the slowest pace in a year and a half as the world’s second largest economy contends with a concoction of headwinds, revealed official figures released today. Gross domestic product (GDP) jumped four per cent over the three months to December compared to the same period last year, the National Bureau [...]
Scotland boosts renewable goals with £700m auction for offshore wind projects January 17, 2022 ScotWind has raised hundreds of millions from an auction of seabed plots for offshore wind projects, boosting its net zero ambitions.
‘Marmite situation’ for GSK investors as Unilever bids spark potential bidding war January 17, 2022 Analysts have predicted a potential bidding war erupting for GSK’s consumer arm.
Unilever share price dives 7 per cent as £50bn battle for GlaxoSmithKline’s consumer business begins in earnest January 17, 2022 The main City story this morning is the £50bn bid by Unilever for GlaxoSmithKline’s consumer healthcare business, of which it owns a 68 per cent stake along with Pfizer, which Glaxo said it had rejected. “No doubt in the hope that Unilever will come back with a higher offer, with the sum of £60bn being [...]
UK construction companies collapse in their hundreds as costs rise January 17, 2022 Hundreds of UK construction companies are collapsing each month amid rising costs, supply chain disruption and labour shortages.
Hydrogen specialists CPH2 announce plans to list on London Stock Exchange January 17, 2022 Clean Power Hydrogen has announced plans to trade on the AIM market of the London Stock Exchange with a £50m fundraiser.
Darktrace shares dive after short seller ShadowFall bets against tech darling’s stock January 17, 2022 Shares in tech darling Darktrace plunged this morning after reports emerged of short seller ShadowFall betting against the stock.
Crude awakening: Oil prices climb as supplies tighten and fears of Ukraine invasion rise January 17, 2022 Oil prices are on the rise this morning amid tightening supplies and White House fears of a Russian invasion of Ukraine.
Record waiting time: Brexit triggers tsunami of trade mark applications as UK firms rush to protect intellectual property January 17, 2022 Brexit has triggered a record number of applications for trade marks in the UK, with 195,000 registered in the past year, up 54 per cent from 127,000 the year before, according to data shared with City A.M. today. Waiting times for trade mark applications reached three to four months in the early part of 2021, [...]
Unilever offer for GSK consumer arm is short by £5bn say analysts January 17, 2022 Unilever’s rejected £50bn offer for Glaxo Smith Kline’s (GSK) consumer business falls short according to market analysts. Marmite maker Unilever has had three unsolicited offers rebuffed by GSK including a bid made last month which comprised of £41.7bn in cash and £8.3bn in company shares. Analysts have questioned the financial reasoning behind Unilever’s bid with [...]