UK Companies

Extreme funding deals come at a high price

Last week, Small Talk glimpsed misery ahead for shareholders in a meditech hopeful. Advanced Oncotherapy — the Aim-quoted company hoping to set up proton-beam cancer therapy machines in Harley Street — signed a funding package with Dubai-linked investment house Bracknor. Under the…

Panmure Gordon launches online platform

Panmure Gordon is launching an online brokerage platform on Monday, as the UK stockbroker and its traditional rivals face pressure from falling commission rates, regulatory change and a slowdown in corporate deals. The 140-year-old broker has invested £2m in PrimeXtend,…

GSK ‘real world’ study offers model for drug trials

GlaxoSmithKline has conducted the world’s first drug trial under “real world” conditions — closely watched by an industry under greater pressure than ever to prove the value of its medicines to cost-constrained health systems. In a global first for drugmakers,…

US Companies

Public boardroom battle breaks out at Yingde Gases

An independent shareholder in Yingde Gases is pushing for a board seat as the Chinese group becomes the subject of a rare public Asian boardroom battle — and one that could produce something almost equally unusual: inbound Chinese dealmaking. Oasis,…

Bank executives required to vouch for cyber defences

Top executives at some of the world’s biggest banks and insurers will have to vouch for their companies’ resilience to cyber attacks, under tough rules laid down by New York’s state regulator. A new regulation, which takes effect on March…

Buffett suggests shift from long-term perspective

Berkshire Hathaway’s eye-catching recent bets on Apple and US airline stocks are not likely to prove as enduring as the investments that it made on Coca-Cola or American Express more than two decades ago, according to readers of Warren Buffett’s…

Klein helped kill Kraft Heinz bid for Unilever

Warren Buffett was persuaded to drop Kraft Heinz’s $143bn takeover approach for Unilever by the corporate financier Michael Klein, making the dealmaker the unlikely executioner of what would have been the second-largest merger in corporate history. Earlier this month, Kraft…

Trump’s call to bring back jobs tests US banks

On the day that Donald Trump won the presidential election, partly on a promise to bring back jobs for US workers, Goldman Sachs posted a job advertisement for a derivatives analyst in Bangalore. In the three months since then, the Wall…

More than one in 10 staff at US banks work in Asia

Top American banks riding high on Donald Trump’s presidency have hired almost 120,000 people in low-cost Asian economies, creating potential tensions with the new administration, which has pledged to bring jobs back to the US. Bank of America, Citigroup, JPMorgan…

SoFi ups its firepower with $500m funding round

SoFi, the biggest and the brashest of a new breed of online lenders in the US, has sealed a $500m funding round, giving it firepower to push into new products and markets including Canada and Australia. The private San Francisco-based…

European Companies

Tooth fairies and the Deutsche Börse-LSE merger

In British takeover parlance, a “commitment” means nothing unless it is certified by an authoritative third party. There is no point in promising the earth unless you have a reputable accountant’s or lawyer’s letter to back it up. So most…

Italian chief returns to seal Linde mega deal

The stakes are high for Aldo Ernesto Belloni. Lured out of retirement in December to complete the mega deal between German chemical group Linde and Praxair of the US, the new chief executive of the Munich-based company may on occasions…

Nokia brand goes back to basics at MWC

The Nokia ringtone, a snippet of a Francisco Tárrega waltz, was once so ubiquitous that academics calculated it was heard almost 2bn times a day around the world. That ditty is set to catch the ear again, with a reborn…

Deutsche Bank cuts bonus pool by ‘almost 80%’

Deutsche Bank has cut its 2016 bonus pool by “almost 80 per cent”, one of its top managers has said, as Germany’s biggest bank battles to shore up its financial position in the wake of heavy fines. Karl von Rohr,…

Asia-Pacific Companies

Rise of premium beer in China boosts small brewers

Ignoring the cheap beer on tap in a dim and smoky Beijing bar, Cheer Qiu reaches into a fridge bursting with craft ales and pulls out a bottle of locally made Panda Brew, flavoured with honey. “I’m interested in brewing…

StanChart seeks Indonesian solution

Standard Chartered chief executive Bill Winters has identified three options for resolving the UK-listed bank’s unsatisfactory position in Indonesia.  StanChart’s Indonesian operations are currently split in two between a small wholly owned offshoot and a 45 per cent stake in…

Public boardroom battle breaks out at Yingde Gases

An independent shareholder in Yingde Gases is pushing for a board seat as the Chinese group becomes the subject of a rare public Asian boardroom battle — and one that could produce something almost equally unusual: inbound Chinese dealmaking. Oasis,…