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ECONOMY
MARKET REPORT: GSK given a beating by heartburn drug legal face-off
GSK shares sank like a stone amid growing concerns over a possible lawsuit relating to a heartburn and stomach ulcer treatment called Zantac.The stock tumbled 10.1 per cent, or 156.6p, to 1400p following reports of a court case in the US…
HSBC’s top shareholder ramps up its campaign to spin off Asia business
HSBC's largest shareholder has escalated its campaign to spin off the bank's Asia business as the stand-off between the two looks set to turn ugly.Ping An hit back at chairman Mark Tucker and chief executive Noel Quinn's arguments against…
Struggling sterling set to tumble below $1.20
The pound is set to fall to its lowest level against the dollar since the pandemic crash and could slip below $1.20 soon, a currency expert warned.Olivier Korber, strategist at French bank Societe Generale, said sterling is ‘struggling’…
Bombshell for Netflix as Disney wins battle of the streaming giants
Disney has become the world’s biggest subscription TV streaming company after it overtook Netflix on the total number of subscribers.Results from the US media giant revealed that it now has 221m total subscriptions across its three…
London’s Groucho club sold in £40m deal
The Groucho Club, the private members' club famed for its bohemian clientele drawn from London's art and film scene, has changed hands in a deal worth £40million.A favourite of the 'Cool Britannia' set – including Noel Gallagher, Tracey…
Antofagasta joins fellow mining firms in cutting half-year dividends
Antofagasta has become the latest mining giant to slash its interim dividend payments following a deterioration in profits.Investors in the London-listed Chilean miner will receive a payout of 9.2 cents per share compared to a record 23.6…
Porsche Taycan beats Tesla Model S time to set new Nürburgring record
When it comes to bragging rights in the automotive world there are few bigger than holding the lap record around the Nürburgring Nordschleife.When it comes to the fastest time recorded to complete a lap of the fearsome 12.9-mile circuit in…
Entain agrees to buy Croatia’s biggest bookmaker for €600m
Entain has revealed a new venture and the acquisition of a major bookmaker as part of plans to expand its presence across continental Europe.The Ladbrokes and Coral owner has teamed up with Czech investment firm EMMA Capital to create…
Coca-Cola HBC profits dive as Russia exit costs bottler £161m
Coca-Cola HBC has seen earnings tumble by about a third following its decision to drastically scale back its operations in Russia.The London-listed group revealed that first-half net profits declined by 34.4 per cent to €152.9million even…
Areas of Britain where availability of electric car charging points has SHRUNK
Three in five local authorities are behind schedule in their rollout of public electric car charging points - and some have even seen their networks shrink in the last 12 months, according to a new report.There are just over 32,000 public…
