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Shire to recommend sweetened Takeda takeover bid

Biotech giant Shire has said it would be willing to recommend an amended $64bn takeover bid from Takeda Pharmaceutical Co to shareholders, according to Reuters. The rare disease specialist made the statement amid … Continue reading “Shire to recommend sweetened Takeda takeover bid”


Whitbread to spin off Costa Coffee following shareholder activism

Whitbread has announced that Costa Coffee will be spun off as a separate company, according to Reuters. The move comes after pressure from investor activists pushed for the coffee chain to be listed … Continue reading “Whitbread to spin off Costa Coffee following shareholder activism”


Big companies use apprenticeships to cut costs, according to report

Low-skilled jobs are being reclassified as apprenticeships by companies in a bid to gain subsidies for training workers, according to a report from the think tank Reform. The centre-right think tank says companies … Continue reading “Big companies use apprenticeships to cut costs, according to report”


Garden centres see lowest sales since 2013

The recent spell of wet weather has hampered growth in the UK gardening sector, with sales at the lowest level in five years, according to BBC News. The Garden Centre Association says that … Continue reading “Garden centres see lowest sales since 2013”


Jaguar Land Rover to shed 1,000 temp workers

Jaguar Land Rover has announced that the contracts of 1,000 temporary workers in the UK will not be renewed, according to BBC News. The auto giant has cited ‘continuing headwinds’ impacting the car … Continue reading “Jaguar Land Rover to shed 1,000 temp workers”


Cold weather sees biggest drop in construction since 2009

The ‘Beast from the East’  cold snap in March saw the UK construction industry experience its biggest drop in activity since the aftermath of 2016’s Brexit vote, according to Reuters. An industry survey … Continue reading “Cold weather sees biggest drop in construction since 2009”


New Peugeot van to be built in Luton

Peugeot has unveiled plans to build its new van model at its British Vauxhall plant in Luton, according to Reuters. Peugeot’s owner PSA’s announcement will be seen as a gesture of confidence in … Continue reading “New Peugeot van to be built in Luton”


HSBC settles US private Libor claims

HSBC Holdings Plc has agreed to pay $100m (£71.3m) to settle private litigation over the Libor rigging scandal in the US, according to Reuters. The bank is the fourth major company to settle … Continue reading “HSBC settles US private Libor claims”


China announces tariff plans for US soybeans, cars and orange juice

China has outlined plans to increase import tariffs on American goods in response to US plans to levy higher taxes on Chinese imports, according to BBC News. Soybeans, cars and orange juice are … Continue reading “China announces tariff plans for US soybeans, cars and orange juice”


UK new car registrations fall 10% in two years

New car registrations are set to fall 5.5% in 2018, making the UK the worst performing economy of the major European nations, according to BBC News. Spain, Italy, Germany and France are all … Continue reading “UK new car registrations fall 10% in two years”


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