Subway closing 500 of its US stores
Subway announced that it will close 500 of its US stores as the dining chain expands internationally.
Meanwhile, the company will open about 1,000 locations...
Wood growth model advances genetic engineering of trees for paper, biofuels
A wood growth model promises to advance genetic engineering of trees for timber, paper, pulp, biofuels, and environmentally friendly products.
The idea is to simulate...
Comcast makes £22bn bid for Sky plc, 16% premium on Fox’s offer
Comcast has made a formal £22bn bid for the European media and telecommunications giant Sky plc, a 16% premium on the £19bn offer from...
Whitbread spinning off Costa Coffee chain
British hospitality giant Whitbread announced it will be spinning off its Costa Coffee chain from the rest of the business as an independent company.
The...
ASUS launches affordable ZenFone Max Pro smartphone for Indian market
ASUS has developed an affordable sub-$200 smartphone called the ZenFone Max Pro to compete against Xiaomi in India – the second largest smartphone market...
Capita will raise £701 million through a rights issue
Outsourcing firm Capita announced it will raise £701 million through a rights issue after reporting a hefty £513.1m annual loss for 2017.
The company reported...
UK economy forecast to grow by 1.6% in 2018, says EY Item Club
The UK shows “little sign” of breaking out of the “stunted growth” its seen since the second half of 2017, EY Item Club said...
Free trade with EU crucial for UK’s processed food and drink sector
A committee of MPs examined the impact of Brexit on the UK’s processed food and drink sector and concluded that a free trade deal...
US consumers could soon feel the effects of the trade war with China
The effects of escalating trade tensions between the US and China could soon be passed on to US consumers after a new list of...
Stars Group acquiring Sky Betting & Gambling in $4.7 billion deal
Sky Betting & Gambling is being acquired by Toronto-based Stars Group in a deal worth $4.7 billion.
Stars Group will pay cash and stock to...