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Market report: Bank reporting season continues to disappoint with Barclays latest to post profit performance featured picture

Market report: Bank reporting season continues to disappoint with Barclays latest to post profit performance

UK banking group Barclays (BARC) has reported a loss of £236m in its first quarter to the end of March as regulator fines again drag on performance. Last month the bank agreed to pay $2bn to settle a lawsuit by the US government. Today's loss reflects that massive charge. Stripping away those penalty effects, Barclays reported a slight increase in profits to £1.7bn, although much like its ...
Takeda’s persistence pays off as Shire prepares to recommend takeover offer to shareholders featured picture

Takeda’s persistence pays off as Shire prepares to recommend takeover offer to shareholders

For Japanese pharma firm Takeda, its persistent pursuit of Shire (SHP) may have paid off after the rare diseases specialist says it will recommend an offer to its shareholders. It is the fifth takeover offer from Takeda, which encompasses £27.26 in new shares and £21.75 in cash, implying a value of £49 per Shire share. This represents a 24.5% premium to its closing price of £39.33 on ...
Market report: Shire up after accepting new Takeda offer, Whitbread confirms Costa spin-off featured picture

Market report: Shire up after accepting new Takeda offer, Whitbread confirms Costa spin-off

The FTSE 100 is down 24 points to 7,401.5 after US stocks fell overnight as bond yields hit 3%, coinciding with a big sell off in tech shares. Google owner Alphabet was among the worse affected by the sell-off. Pharma company Shire (SHP) is up 2.8% to £40.90 after its board confirms it is willing to recommend Japanese rival Takeda’s revised take-over offer. The UK-based company has been ...
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