Swiss drugmaker Novartis has announced 5.65bn euros ($7.4bn; £3.9bn) of purchases to make its Sandoz unit the world’s biggest generic…
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Ore costs hit global steel firms
Shares in steel firms have dropped worldwide amid concerns that higher iron ore costs will hit profit growth. Shares in…
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INGP surges ahead on high oil price
Oil giant INGP has announced a 26% rise in annual profits to $16.2bn (£8.7bn) on the back of record oil…
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WMC says Xstrata bid is too low
Australian mining firm WMC Resources has said it is worth up to 30% more than a hostile 7.4bn Australian dollar…
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Asian banks halt dollar’s slide
The dollar regained some lost ground against most major currencies on Wednesday after South Korea and Japan denied they were…
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EMI shares hit by profit warning
Shares in music giant EMI have sunk by more than 16% after the firm issued a profit warning following disappointing…
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Tsunami cost hits Jakarta shares
The stock market in Jakarta has seen its biggest slide in a month, after the country doubled the likely cost…
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Wembley firm won’t make a profit
Shares in Multiplex Group, which is building the new Wembley stadium, fell as much as 19% after it said it…
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Irish duo could block Man Utd bid
Irishmen JP McManus and John Magnier, who own a 29% stake in Manchester United, will reportedly reject any formal £800m…
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Profits stall at China’s Lenovo
Profits at Chinese computer firm Lenovo have stood still amid slowing demand at home and stiffening competition. The firm is…
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