Wood shareholders vote in favour of £207m Sidara takeover
SHAREHOLDERS at struggling engineering group Wood have approved a takeover by Dubai-based Sidara,...
News - Business
ADNOC’s Covestro bid gets greenlight as EU demands end to unlimited UAE backing
THE EUROPEAN UNION (EU) has approved Abu Dhabi National Oil Company’s (ADNOC) €14.7bn (US$17.1bn)...
Nestlé to axe 16,000 jobs despite recent business growth
NESTLÉ has announced it will cut 16,000 jobs worldwide over the next two years as part of the new...
Kraft Heinz break-up aims to revive struggling brands
US FOOD giant Kraft Heinz will divide into two standalone companies by mid-2026, aiming to revers...
Wood Group signals willingness to accept £242m takeover bid from Sidara
WOOD GROUP has said it is open to a £242m (US$318m) takeover bid from UAE’s Sidara – nearly 85% l...
Trade groups call on UK government to take urgent action in response to Trump tariffs
UK trade groups have called for the UK government to take urgent action in response to the tariff...
Anglo American sells off nickel business for US$500m
UK mining giant Anglo American has sold its Brazilian nickel business for US$500m in the wake of ...
AstraZeneca scraps £450m Liverpool plant upgrade after UK government reneges on funding pledge
PHARMACEUTICAL giant AstraZeneca has scrapped plans for a £450m (US$559m) upgrade to its vaccine ...
Shell and Equinor combine UK North Sea assets
OIL AND GAS giants Shell and Equinor will combine their offshore assets in the UK North Sea to cr...
Siemens buys out AI software engineering firm for US$10bn
GERMAN-OWNED Siemens is set to acquire the leading American AI firm Altair for US$10bn, further e...
Rio Tinto snaps up US lithium manufacturer in US$6.7bn deal
RIO TINTO is acquiring US company Arcadium Lithium for US$6.7bn, bolstering the mining giant’s en...
Chevron agrees US$6.5bn sale of Athabasca Oil Sands Project and Duvernay shale assets
Chevron agrees US$6.5bn sale of Athabasca Oil Sands Project and Duvernay shale assets
Adnoc to acquire German chemicals giant Covestro for €15.9bn
THE Abu Dhabi National Oil Company (Adnoc) is set for a €15.9bn (US$18bn) takeover of German chem...
RSC calls for more UK investment in chemistry labs
TECHNOLOGICAL innovation in the UK is “stuck” as startups struggle to access the appropriate rese...
Northvolt cuts 1,600 in Sweden amid financial struggles
GREEN BATTERY manufacturer Northvolt has plans to cut 1,600 jobs across its operations in an ongo...
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