1 May 2019
Occidental has made an offer to buy US oil giant Anadarko Petroleum for US$76 per share, a deal supported by Berkshire Hathaway.
Negotiations continue between the UK government and the Labour leadership over a deal that can secure the EU Withdrawal bill.
Superdry co-founder Julian Dunkerton returned to the board following a close AGM vote. The board and its brokers stepped down in response. Dunkerton now faces the challenge of reviving the brand.
RBS reported Q1 profit down to £1.1bn from £1.21bn but is on track to meet its £300m cost reduction target.
CMA blocked the proposed merger between ASDA and Sainsbury on concerns over market dominance and pricing. Sainsbury CEO Mike Coupe claimed the regulator had “taken £1bn out of customers pockets”.
Glencore announced the US CFTC was investigating its commodity trading practices. It further disclosed that over Q1 2019 its copper production fell 7%.
Indivior is facing 28 criminal charges in a West Virginia court alleging the company mis-sold Suboxone and directed buyers only to doctors it knew would proscribe its drug.
Arcadia the UK retail chain is considering a Company Voluntary Arrangement as a means of exiting onerous retail leases and making staff redundant.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider (Saxo Bank). You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.