Any way that makes washing hands big fun is a big help.
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Analysts say GSK is right to rebuff £50bn offer for consumer healthcare venture. Unilever’s offer represents only a modest premium to its current value, according to some leading analysts
The potential tie-up would be one of the biggest takeovers in UK history.
GSK banks on stronger offer for its consumer healthcare business. Analysis: drugmaker appears to be holding out for what would be one of largest ever deals in London after rejecting Unilever bids
China may triple electricity generation to supply 60% of the country's total energy under Beijing's carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell said on Monday. Shell is one of the largest global investors in China's energy sector, with business covering gas production, petrochemicals and a retail fuel network. A leading supplier of liquefied natural gas, it has recently expanded into low-carbon business such as hydrogen power and electric vehicle charging.
BRUSSELS (Reuters) -More than 2 billion euros of European Union funding to help businesses save energy contributed little to climate change targets and in some cases funded investments that would have happened anyway, auditors said on Monday. The EU regards curbing energy use as essential to meeting goals to cut greenhouse gas emissions, and record high gas and power prices in recent months have increased the focus on measures to save energy. But so far, EU funding to support energy savings for businesses has not been effective, the European Court of Auditors said in a report.
The world's 20 best-performing hedge funds earned $65.4 billion for clients in 2021, setting a new record as stock markets marched higher despite rising prices and coronavirus cases, LCH Investments data show. As a group, the most successful managers earned more than one third of the $176 billion that all hedge funds made last year, LCH Investments, a fund of funds firm that tracks returns and is part of Edmond de Rothschild group, reported. The top 20, including brand-name investment firms TCI Fund Management and Citadel, returned an average 10.5% and jointly managed nearly one fifth of the industry's $3.6 trillion in assets, the data show.
"We’re in a brave new world now," said Stefano Gabbana at the unveiling of his brand’s autumn/ winter 22 men’s collection in Milan. "So it felt right to try something new and step out of our comfort zone." The designer, alongside his partner Domenico Dolce, certainly did that, in a form of a leap towards Gen Z and the kind of wardrobes that the Tiktok generation want today.
Bond markets are gearing up for a return to political turmoil in Rome after a key investor risk gauge hit its highest level in 16 months ahead of a crucial vote on Italy’s next president.
Consumer goods giant Unilever on Monday said it would press on with a bid for the consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer after an offer of £50 billion ($68 billion) was refused.
Energy bills are predicted to soar by around 50% for many households in April.
BP, Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pounds ($958 million) for public spending. Competition for offshore wind sites has intensified as governments and investors have woken up to the urgency of cutting carbon emissions, with oil majors making high bids. Crown Estate Scotland, which manages the Scottish seabed, said on Monday that proceeds from the first such leasing deal in around a decade will go to the devolved Scottish government.
(Reuters) -European shares touched their lowest level in over a week on Tuesday, with tech stocks weighing the most, as a rise in two-year U.S. Treasury yields reflected ramped-up bets for a U.S. policy rate hike as soon as March. The pan-European STOXX 600 index dropped 1.3%. Tech stocks declined 2.5% as two-year yields, which track short-term rate expectations, crossed 1% for the first time since February 2020.
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Shares in Marmite maker Unilever are sharply lower after it made an audacious swoop for GlaxoSmithKline's consumer healthcare arm. The food giant told investors that the Glaxo unit is a “strong strategic fit” as part of it pursuit of sales categories with higher rates of sustainable growth. The developments came as the City also digested the resignation of former Lloyds boss António Horta-Osório as chairman of Credit Suisse.
Edinburgh-based firm joins pilot study into shorter working week run by Oxford and Cambridge academics
Paul Myners, the former City minister enlisted by Gordon Brown to help stabilise Britain’s banking system during the 2008 financial crisis, has died at the age of 73.
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Recruiters say: We need more bankers
The family of an Amazon.com delivery truck driver in Illinois who died in December when a warehouse was destroyed by a swarm of tornadoes that killed six people there, filed a lawsuit against the online retailer on Monday over his death. The suit, the first against the company stemming from the disaster, was brought in state court by the Chicago firm, Clifford Law Offices, on behalf of the family of driver Austin McEwen, 26. It was filed in Third Judicial Circuit in Madison County, Illinois.
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