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04/25/2018 01:57 PM
Shire willing to back $64 billion Takeda bid, market signals doubts
LONDON/NEW YORK/TOKYO (Reuters) - Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64 billion (46 billion pounds) offer from Japan's Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug company this year.


04/25/2018 02:33 PM
Sky pulls support for Murdoch bid as Comcast confirms offer
LONDON (Reuters) - U.S. media group Comcast submitted a 22 billion pound bid for Sky on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch's Twenty-First Century Fox.


04/25/2018 02:47 PM
Costa Coffee break brewing after Whitbread investors stir
LONDON (Reuters) - Costa Coffee will be spun off after parent Whitbread yielded to pressure from hedge funds who argued it was being held back by being grouped with the Premier Inn hotel chain.


04/25/2018 02:11 PM
Currency and pricing squeeze GSK as new shingles vaccine shines
LONDON (Reuters) - GlaxoSmithKline's new shingles vaccine Shingrix exceeded expectations in the first quarter, but the drugmaker's sales and earnings fell 2 percent, held back by a stronger pound and more pricing pressure in respiratory medicine.


04/25/2018 10:32 AM
Shire's mega deal fails to lift FTSE amid global gloom
LONDON (Reuters) - The prospect of a £64 billion bid for British drug maker Shire failed to lift the UK stock market on Wednesday as worries about rising U.S. bond yields continue to drag global markets down.


04/25/2018 10:46 AM
Shire bid marks Takeda's latest - and biggest - push for global status
TOKYO (Reuters) - Takeda Pharmaceutical Co Ltd's $64 billion bid for London-listed rare disease specialist Shire Plc bolsters its credentials as Japan's most outward facing drugs firm, a mould-breaking image that has been more than a decade in the making.


04/25/2018 01:53 PM
Hammerson's 3.4 billion-pound takeover of Intu officially abandoned
LONDON (Reuters) - A 3.4 billion-pound takeover of British shopping centre operator Intu Properties by bigger rival Hammerson has been formally scrapped after Hammerson was freed from its obligation to hold a shareholder vote on the deal.


04/25/2018 12:27 PM
Rolls-Royce, Airbus to collaborate on new UltraFan engine
LONDON (Reuters) - Rolls-Royce and Airbus have signed a deal to collaborate on development of the UltraFan, a new engine that is intended to 25 percent more fuel efficient than the earliest version of the Trent engine, the British company said on Wednesday.


04/25/2018 02:48 PM
Eurowings agrees key points for union deal in Austria
BERLIN (Reuters) - Eurowings has agreed the key points of a collective labour deal for pilots and cabin crew at its Austria-based unit with union Vida, the budget carrier said.


04/25/2018 03:10 PM
U.S. sanctions encourage McDonald's to cook up Russian fries
LIPETSK, Russia (Reuters) - French fries at McDonald's restaurants from Moscow to Murmansk will be Russian from now on, as U.S. sanctions have spurred on a shift by the American fast-food chain to use local potatoes.

 

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