United Kingdom

Arathy S Nair

Jerry Jones' gas firm Comstock pays $1.1 billion for Haynesville producer

10 Jun 2019

Dallas Cowboys owner Jerry Jones strengthened his company Comstock Resources Inc's grip on one of the largest natural gas basins in the United States with a $1.1 billion deal to buy privately held Covey Park.

Bombardier to face pressure at annual meeting over rail unit, 2020 targets

02 May 2019

May 2 Canada's Bombardier Inc will face pressure from skeptical investors at an annual meeting on Thursday about whether the plane-and-train-maker's turnaround plan is still on track as its transportation division grapples with delayed rail contracts.

Buffett's Berkshire helps bankroll Occidental's $38 billion bid for Anadarko

01 May 2019

Warren Buffett's Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp's $38 billion (29 billion pounds) cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp.

Anadarko to negotiate sale to Occidental 'superior' to Chevron deal

29 Apr 2019

Anadarko Petroleum Corp said on Monday it would negotiate with Occidental Petroleum Corp over its $38 billion cash-and-stock bid, after determining it could get a better deal than its agreed $33 billion sale to Chevron Corp.

Bombardier's surprise forecast cut rattles stock, bond investors

25 Apr 2019

Canada's Bombardier Inc cut its full-year profit and revenue forecasts on Thursday as it wrestled with production challenges in its key railcar-making unit, rattling markets ahead of the company's annual general meeting next week.

Halliburton sees signs of price recovery, shares dip

22 Apr 2019

Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner.

Founder of Britain's Superdry wins investor backing for board return

02 Apr 2019

The co-founder and former boss of Superdry, Julian Dunkerton, returned to the board and was appointed interim CEO on Tuesday after winning the backing of shareholders keen for a revival of the British fashion group's fortunes.

Majestic Wine scales back as sharpens focus on Naked Wines

25 Mar 2019

Majestic Wine PLC said on Monday it would sell some assets, close stores and review its dividend to focus on its growth engine, Naked Wines, as it seeks to fend off competition from discount markets and online rivals.

World News

Trump says Iran may have shot down U.S. drone by mistake

U.S. President Donald Trump played down Iran's downing of a U.S. military drone on Thursday, saying he suspected it was shot by mistake and that "it would have made a big difference" to him if the remotely-controlled aircraft had been piloted.