Page 13 - Big Caps News Today

The CMA has opened an invitation to comment until 3 June for parties involved. The FTSE 100 pharma giant has received approval in the US, Canada, Brazil, Russia but was still waiting for the green light from the UK, the EU and Japan. The megadeal was announced in December so the Anglo-Swedish group could boost its growing presence in immunology. The deal will see Alexion shareholders paid US$175 for each share, made up of US$60 in cash and 2.1243 American depositary shares (ADSs), which each re...

Move over, cows: plant-based food is making a killing The market is becoming increasingly crowded as consumers are concerned about the health and environmental impact of their diets Oatly Group AB’s (NASDAQ:OTLY) stellar debut last week was a sign that the plant-based trend is much more than a fad, although experts say it will be another few decades before it takes over animal-derived products. Nonetheless, more and more companies are joining this crowded market, which is becoming increasing...

Leasing activity has recovered to close to pre-pandemic levels Shafesbury is based around Chinatown and the West End Shaftesbury PLC (LON:SHB) said it was seeing an encouraging increase in demand for space and lettings in London’s West End since shops started to reopen on 12 April. Leasing activity over the six months to 31 March 2021 recovered to close to the level seen in the first half of last year, which was largely unaffected by the pandemic, the property owner said in a stat...

LGIM is the UK’s largest fund manager with £1.2 trillion of assets Legal & General Investment Management (LGIM), the UK’s largest fund manager, has emerged as one of the shareholders objecting to Royal Dutch Shell PLC’s (LON:RDSB) climate plans, saying they do not go far enough. LGIM, the investment arm of Legal & General PLC (LON:LGEN) and with £1.2 trillion of assets, voted against the oiler’s own energy transition strategy at its AGM last week. “We remain concerned that the stre...

Britain to triple number of electric vehicle charging points with £300mln programme The £300mln investment will see 1,800 new motorway points and 1,750 installations in other places "Drivers need to be confident that they can charge their car quickly when they need to" Britain is to more than triple its electric vehicle charging capacity with 1,800 new ultra-fast points to be installed at motorway service stations and a further 1,750 in cities. UK regulator Ofgem said the elect...

Britain to triple number of electric vehicle charging points with £300mln programme The £300mln investment will see 1,800 new motorway points and 1,750 installations in other places "Drivers need to be confident that they can charge their car quickly when they need to" Britain is to more than triple its electric vehicle charging capacity with 1,800 new ultra-fast points to be installed at motorway service stations and a further 1,750 in cities. UK regulator Ofgem said the elect...

Flashpoint iron ore: China summons producers in “anti-speculation” drive Iron ore prices dropped by nearly 10% as Chinas National Development and Reform Commission railed against "many aspects reflecting overspeculation" Whenever a government, particularly a communist one, doesn’t like certain market characteristics or trends, the ‘speculator’ is always on hand to take the blame. This week began with the Chinese authorities, nervous about the record high iron ore prices, issuing vario...

The lawsuit was brought forward by Entertainment Studios Networks owner Byron Allen McDonald’s Inc (NYSE:MCD) has been sued for US$10bn by US media entrepreneur Byron Allen. The owner of Entertainment Studios Networks said the fast-food chain is discriminating against Black-owned media outlets by not advertising with them as much as it should. The complaint said McDonalds violated the law with its "racial animus and racial stereotyping" in setting budgets, Reuters reported. The burger giant r...

National Grid achieves solid underlying financial performance “Our confidence in the groups prospects is reflected in the ambitious five-year outlook for capital investment, asset growth and earnings, which we are announcing today” National Grid PLC (LON:NG.) expects to invest £30-£35bn in the UK and US over the five-year period to 2025/26. The commitment was revealed in the energy transmission and distribution company’s full-year results, which showed a 3% fall in underlying profit b...

Blinded by stage lights? How to spot celebrity-backed businesses that won’t fail UK authorities threatened to shut down Gwyneth Paltrows wellness brand Goop over issues with its accounts, but there are plenty of famous people who have established successful businesses Gwyneth Paltrows wellness brand Goop is in trouble. Again. Its UK arm could be shut down by the UK authorities for failing to submit its accounts and it has until 6 June to object the accusations. It’s the second time the reta...