Shire goes hostile with $30bn bid for US spin-off August 5, 2015 LONDON-listed pharma giant Shire yesterday made a $30bn (£19bn) hostile approach for US rival Baxalta, in a deal set to double the size of the firm. The Irish-domiciled company offered $45.23 per share for the group, a 36 per cent premium to the undisturbed share price on 3 August. Baxalta, a biotech business focused on [...]
Campari puts the Spritz into first-half profits August 5, 2015 The Italian group’s bright orange aperitif has become hugely popular in the UK in the past five years TAKE three parts Prosecco, a dash of soda and two parts Aperol. Pour that into a wine glass with a few chunks of ice and a slice of orange and there you have it: one of Italy’s [...]
RAF air strikes in Iraq extended by one more year through 2017 August 5, 2015 BRITISH fighter planes will continue to carry out air strikes against Islamic State (Isil) in Iraq until March 2017, the defence secretary has announced. Speaking in Baghdad yesterday, Michael Fallon said that the frontline RAF Tornado Squadron would continue its work in Iraq for nearly another year and a half. Eight Tornado GR4 jets currently [...]
Greek debt crisis: Greece upbeat on bailout deal but bank shares continue to plummet August 5, 2015 Greek finance minister Euclid Tsakalotos said yesterday that he was confident an agreement with the cash-strapped country’s lenders could be reached by 20 August, despite admitting disagreements on privatisations. Tsakalotos met yesterday with representatives of the International Monetary Fund, Eurozone and European Central Bank (ECB) to further discuss terms attached to any further lending. He [...]
Tesco and Sainsbury’s vs Asda and Morrisons: Britain’s biggest retailers row over Sunday trading laws August 5, 2015 British businesses are readying for a fight over government plans to shake up Sunday trading rules. The government will today open a formal consultation on proposals to give local areas the power to allow large shops to open for longer on Sundays. Current laws allow smaller shops to stay open all day, but limit larger [...]
Tom Hayes Libor conviction: Serious Fraud Squad targets more Libor scalps after UBS and Citigroup trader received 14 years August 5, 2015 Top City lawyers are describing the conviction of Tom Hayes as a “game changer” for the prosecution of white-collar crime, saying that the decision paves the way for more people being charged and rescues the reputation of the Serious Fraud Office (SFO). A jury convicted Hayes, a former UBS and Citigroup trader, on Monday on [...]
Lancaster: I’ll give Cipriani a fair chance August 5, 2015 ENGLAND head coach Stuart Lancaster insists fly-half Danny Cipriani has an equal chance of making his final Rugby World Cup squad despite the lingering threat of drink-driving charges. Cipriani has been re-bailed until November, it emerged this week, removing doubts over whether the Sale No10 would be free to play in the home tournament, which [...]
Bale stakes claim for central role with goal to sink old team Spurs August 5, 2015 FORMER Tottenham hero Gareth Bale is hoping that a goalscoring performance against his former club last night convinces Real Madrid bosses to play him in a central role more often. Bale struck the second goal as Real beat Spurs 2-0 in a friendly match in Munich, after Colombia’s World Cup star James Rodriguez had headed [...]
Johnson talks up Anderson’s injury absence August 5, 2015 AUSTRALIA paceman Mitchell Johnson has warned England they will miss attack spearhead James Anderson whoever replaces him in the fourth Investec Ashes Test, which starts tomorrow. Johnson also called on the tourists to respond to last week’s eight-wicket drubbing at Edgbaston by levelling the series at Trent Bridge, in a match he regards as “a [...]
Aberdeen Asset Management to expand with deal to buy Arden August 4, 2015 Aberdeen Asset Management said yesterday it had agreed to buy US hedge fund investor Arden Asset Management as it looks to strengthen its alternative product offering. The firm said buying Arden will further diversify its business and help boost its hedge fund unit’s assets to $11bn (£7bn). “Institutional investors are looking to hedge fund solutions [...]
