Spilt milk: court sides with vegan Oatly in trademark dispute December 19, 2023 Swedish alternative dairy company wins battle to use word milk in its marketing
Domino’s Pizza Eurasia rejects fresh takeover bid from Indian rival which ‘undervalues’ it December 19, 2023 London listed Domino’s Pizza Eurasia has rebuffed a revised takeover offer from Jubilant Food Works on the grounds that the offer “undervalues” the business. DP Eurasia is the master franchisee for Domino’s Pizza in Turkey, Azerbaijan and Georgia, while Jubilant is the master franchisee for the chain in India. Jubilant recently increased its stake in [...]
PwC cleared by watchdog after probe into audit of collapsed property firm Intu December 19, 2023 The accounting watchdog has dropped an investigation into PwC’s audit of property group Intu today and cleared the partners in charge after a year long probe into the Big Four firm's work on the firm.
Apple races to salvage watch business amid US ban threat December 19, 2023 Apple engineers are racing to modify the software which powers the company's smart watches as the US looks to ban the products.
The ‘biggest climate law ever’? What CBAM means for the UK December 19, 2023 “The biggest climate law ever in Europe, and some say in the world,” Peter Liese, lead negotiator for the European Parliament said. In reference to the Paris Agreement? Europe’s New Green Deal? Biden’s IRA? Nope – Liese was describing the carbon border adjustment mechanism, known to nerds by the catchy acronym CBAM. This wonkish-sounding legislation [...]
UBS shares jump after Cevian bets £1bn on Credit Suisse merger success December 19, 2023 Cevian Capital, Europe’s largest activist investor, has taken a €1.2bn (£1bn) stake in UBS in a bet that the lender will double its share price after taking over Credit Suisse.
Google to pay £553m to settle major antitrust case December 19, 2023 Google has agreed to pay 700 million US dollars (£553m) and make several other concessions to settle allegations that it had been stifling competition against its Android app store.
City’s newest investment bank bemoans high interest rates as ‘drag on demand’ for UK equities December 19, 2023 New bank and wealth manager Cavendish Financial has reported continued losses in its maiden set of results as it struggles with a dealmaking slump but said activity is picking up.
Row over London housebuilding rates ahead of Michael Gove planning speech December 19, 2023 A row has broken out over housebuilding rates in London ahead of a key speech by Michael Gove on planning reform.
HS2 Euston: Private funding proposals have fallen into a ‘black hole,’ warns boss of key contractor December 19, 2023 The government is ignoring proposals on how to privately fund the HS2 project's Euston section, the boss of a key contractor has warned.
