Gulf Marine jettisons boss in stormy waters August 21, 2019 The boss of Gulf Marine Services stepped down today, becoming the third major casualty of the firm’s pains as it warned on profits. Duncan Anderson resigned with immediate effect as the chief executive and director of the board. Read more: Gulf Marine sinks like a stone as shares drop 75 per cent He follows the [...]
Alibaba delays Hong Kong listing over protests August 21, 2019 Chinese e-giant Alibaba has reportedly delayed a $15bn (£12bn) Hong Kong listing, scared off by protests that have rocked the city for more than two months. There is no formal timetable for when the listing will happen, but the company may go to market in October, sources told Reuters. Read more: Softbank earns $11bn for [...]
Astrazeneca faces setback in lung cancer trials August 21, 2019 Astrazeneca took a blow this morning as it revealed that trials of a lung cancer drug had not lived up to hopes pinned on it. Patients given Imfinzi with tremelimumab did not show better overall survival rates than those on standard chemotherapy, Astra said this morning. Read more: Heart patients given boost by Astrazeneca drug [...]
Saudi Aramco hires bankers for megalisting August 20, 2019 Saudi Aramco has hired investment banks Lazard and Moelis to advise on its plans for its megalisting, expected to be the largest in history. The two banks have started preparing the initial public offering (IPO), Bloomberg reported, citing sources. Read more: Lower oil prices hit Saudi Aramco earnings It comes as a boost to Lazard, [...]
Power up: Grid may need upgrade to avoid more blackouts August 20, 2019 Experts have questioned if National Grid’s processes and backup systems are up to scratch after the worst power cut in a decade ground trains to a halt. A report, released today by National Grid, showed the system followed correct procedure when lightning struck on 9 August. Read more: Bolt from the blue: Grid blames lightning [...]
Heart patients given boost by Astrazeneca drug trials August 20, 2019 A new Astrazeneca drug might help patients with heart failure, half of whom die within five years of being diagnosed, as the company this morning showed encouraging trial results. The Anglo-Swedish drugmaker said that the third phase of trials of its Farxiga medicine significantly reduced cardiovascular death or prevented heart failure from getting worse. Read [...]
Bolt from the blue: Grid blames lightning strike for power cut which switched out the lights in 1m homes August 20, 2019 National Grid today said a bolt of lightning was to blame for a power outage which left over a million homes without power and knocked out trains, a hospital and an airport. The listed grid operator said that a bolt strike on a power line in Cambridgeshire tripped two generating plants. Read more: Government sets [...]
BHP owners pocket record dividend August 20, 2019 BHP shareholders will pocket a record payout, the company announced this morning, bringing the total dividend to $6.7bn (£5.5bn). The miner announced this morning that it would give shareholders an ordinary dividend of $1.33 per share. However, the payout comes on top of a special dividend earlier this year, of $1.02 per share as the [...]
UK Hong Kong embassy staffer detained in China August 20, 2019 The government has said it is very worried by a staff member at the UK’s Hong Kong consulate who has not returned to work since a trip to mainland China nearly two weeks ago. Simon Cheng failed to report back to the office on 9 August, a day after visiting Shenzhen, according to local reports. [...]
Analysts and investors hopeful for record BHP dividend August 19, 2019 Investors will flock straight to the dividend page tomorrow after miner BHP releases its annual results overnight, expected to reveal the highest annual dividend in the company’s history. Analysts had expected the dividend to reach around $2.36 for the full year 2019, up from $1.18 the year before, according to a consensus compiled by Vuma. [...]
