Shares in knee and hip replacement maker Smith & Nephew have surged after activist investor Cevian revealed it has taken a stake in the group. Cevian is now the medical equipment firm’s second biggest shareholder after snapping up a 5% holding, sending shares in Smith & Nephew jumping more thanContinue Reading
Sales of no and low alcohol – as well as pickles – have soared since the start of the Euros, suggesting fans are “embracing moderation”, according to supermarkets. Ocado said sales of no and low alcohol spirits had increased by 20% since the start of the tournament while alcohol-free winesContinue Reading
Vodafone and Virgin Media O2 have announced a long-term network-sharing agreement designed to revolutionise the mobile experience for tens of millions of UK customers. This strategic partnership aims to enhance rural connectivity, improve service quality, and establish a third major network operator to rebalance the mobile market. Building on theirContinue Reading
Pub group Marston’s has named a former director at car dealership Vertu Motors as its new chairman in a move that completes a clean sweep at the top. Ken Lever is set to join the 1,370-strong chain of pubs as non-executive chairman on July 8, replacing William Rucker. It comesContinue Reading
The Labour Court is considering recommendations in the dispute between Aer Lingus management and its pilots, as the airline announced further flight cancellations. The recommendations from the industrial disputes body is expected to take several days. Aer Lingus has said a further 76 additional flights will be cancelled between nextContinue Reading
European financial markets were given a lift on Wednesday as fresh service sector data helped raise hopes that interest rate cuts are on the horizon in the US. London’s FTSE 100 gained 49.92 points, or 0.61%, to close at 8,171.12, with airlines and miners among the biggest risers of theContinue Reading
More than 20,000 Tesco workers are set to share a £30 million windfall from maturing share schemes. The company revealed that the employees will receive the bumper payout following a “strong performance” from its Save as You Earn colleague share schemes. It said it will be mainly workers on itsContinue Reading
Aer Lingus has said it will cancel 76 additional flights between next Monday and Wednesday as the pay dispute between the airline and the union representing its pilots rumbles on. It comes as Aer Lingus and the Irish Air Line Pilots’ Association (Ialpa) are meeting at the Labour Court on WednesdayContinue Reading
Google’s greenhouse gas emissions have risen 48% since 2019, according to the firm’s latest environmental report, driven by the increasing power demands of artificial intelligence (AI). The tech giant has set itself the goal of reaching net-zero emissions by 2030, but said the increasing amount of energy needed by itsContinue Reading
Video games developer Keywords Studios has backed a £2.1 billion takeover offer in a move that will see yet another London-listed firm being taken private. Dublin-based Keywords, which is listed on London’s junior Aim market, has backed a cash bid worth £24.50 a share from Swedish private equity firm EQT.Continue Reading
