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Business

Unilever considers selling food unit after receiving McCormick offer

The move would represent a major shift for the consumer goods giant, which is increasingly focusing on personal care and beauty products under its new chief executive.

Business

Telefónica and Liberty Global to buy UK fibre firm Netomnia for €2.3bn

InfraVia, Liberty Global and Telefónica, which together form the telecom joint venture Nexfibre, are set to acquire the UK's alternative network provider Netomnia for £2bn (€2.3bn), according to an announcement on Wednesday.

Business

Activist Ancora fund moves to block Netflix takeover of Warner studios

Ancora Holdings has built a $200mn stake and is backing Paramount’s richer rival bid, raising the prospect of a proxy fight over the future of one of Hollywood’s biggest media groups.

Business

Scandinavian Airlines CEO: AI can cut disruption response times

The airline’s chief says artificial intelligence will help rebuild schedules during storms and improve efficiency in an industry that faces constant uncertainty.

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Business

Netflix earnings beat estimates but subscriber growth risks linger

Netflix shares have fallen more than 5% in after-hours trading despite earnings beating Wall Street estimates.

Business

Paramount sues Warner Bros, launches proxy war to scupper Netflix deal

Paramount Skydance claims WBD’s Netflix transaction undervalues the company and says shareholders should decide, as it prepares a proxy contest and court action in Delaware.

Business

Warner to urge rejection of Paramount bid as Trump son-in-law exits

Warner Bros Discovery is expected to urge shareholders to vote against Paramount's hostile takeover bid. This comes after Jared Kushner, Trump's son-in-law, also withdrew his private equity firm from the financing of the offer.

Business

Berlusconi’s MFE backs Paramount over Netflix in Warner Bros battle

Italy’s largest media group, MFE-MediaForEurope, has publicly thrown its support behind Paramount’s hostile bid for Warner Bros Discovery, arguing that Paramount’s offer would preserve competition in the global streaming market.

Business

Paramount goes hostile in bid for Warner Bros, challenging Netflix

The announcement comes just days after Netflix said it had agreed a $72 billion takeover deal for Warner Bros Discovery.

Business

IBM to buy Confluent in $11 billion deal to bolster AI offerings

Data streaming platform Confluent is responsible for infrastructure that underpins AI systems, allowing companies to rapidly transfer information.

Business

L’Oréal shares dip as it bets on Galderma and science-based skincare

The firm’s investment in Galderma signals a pivot towards injectables and more cutting-edge beauty technology.

Business

Netflix bags Warner Bros and HBO in €71bn Hollywood shake-up

After months of bidding drama, Netflix has secured an agreement to acquire Warner Bros, bringing the Harry Potter, DC and Game of Thrones franchises under its roof while Discovery Global spins off CNN and other legacy networks.

Business

BHP scraps Anglo American copper mega-merger after repeat failed bids

Australian mining giant BHP has dropped its renewed bid for Anglo American after preliminary talks, clearing the way for the miner to move ahead with its own plans.

Business

BBVA fails in €17bn takeover battle for smaller Spanish rival Sabadell

The bid only convinced shareholders representing 25.47% of Sabadell voting rights. That was far short of the 50% BBVA needed for the deal to pass outright.

Business

'Immediately rejected': French telecoms firm SFR refuses rival's bid

SFR's owner, Altice Group, rejected the €17bn offer made by three French groups to take over the telecoms company. But negotiations are expected to continue.

Business

French telecom bid: Orange, Bouygues, and Free offer €17bn for SFR

The three French groups submitted a joint non-binding offer to take over the telecom activities of the Altice Group in France, which includes most of SFR.

Business

AI boom: SoftBank to buy ABB’s robotics business for $5.4 billion

The acquisition brings together SoftBank's AI know-how and ABB's robotics expertise as companies race to stay ahead of tech advances.

Business

Pfizer eyes obesity drug market as it seals $4.9bn deal for Metsera

Pharma giant Pfizer is betting on obesity treatments as it looks for new markets following the success of its COVID-19 vaccine.

Markets

Warner Bros Discovery shares surge on Paramount Skydance buyout report

The report comes just weeks after the merger between movie giant Paramount and independent film studio Skydance Media.

Markets

Anglo American stock rises 9% after merger deal with Teck Resources

The tie-up is set to be the biggest mining sector merger in over a decade.