GlaxoSmithKline 3rd quarter results beat expectations
London-based pharmaceutical giant GlaxoSmithKline plc posted a pre-tax profit of £548 million for the third-quarter (ending September 30). Although this was a fraction of...
Homebase to speed up store closures, UK
Homebase, part of Home Retail Group, plans to cut one quarter of all its stores by 2019, the company announced on Wednesday. Several of...
Valeant posts excellent third quarter figures
Valeant Pharmaceuticals International Inc. posted surprisingly strong third quarter figures, despite Allergan’s claim that its business model is unsustainable.
Total revenue grew by 33% compared...
Mainstream offshore wind farm project gets greenlight from Scottish ministers
Dublin-based wind and solar firm Mainstream Renewable Power has received the green light from Scottish Ministers to build and operate the offshore 450 MW...
Dairy Queen security breach involving payment card data announced
Berkshire Hathaway subsidiary Dairy Queen announced on Thursday that a security breach involving customers’ payment card data has occurred at 395 of its restaurants...
Monsanto posts smaller Q4 loss
On Wednesday, American multinational agrochemical and agricultural biotechnology giant Monsanto Co. posted a smaller loss for the fourth quarter, with seeds and traits sales...
UK banking executive pleads guilty to Libor fixing conspiracy
A high-ranking banking executive has pleaded guilty to conspiring to fix Libor, according to Southwark Crown Court in London, which says it cannot name...
Samsung Electronics to invest $14.7 billion in chip plant
The South Korean multinational electronics giant Samsung Electronics Co. Ltd. announced a plan to spend $14.7 billion on a new chip plant at its...
EasyJet gained ₤5 million in revenue thanks to Air France strike
Air France’s two-week long pilot strike helped Luton-based airline carrier EasyJet boost revenue by ₤5 million. The low-budget giant lifted its profit forecast after...
Wonga writing off £220 million of debts for 330,000 customers
High-interest, short-term payday lender Wonga announced on Thursday it is to write off debts for 330,000 customers worth £220 million. Had the affordability checks...