Britain's competition watchdog is investigating whether Penguin Random House's $2.2 billion takeover of Simon & Schuster may hurt competition, it said on Monday, amid concerns that the deal could disadvantage writers and damage the publishing industry.
The John Lewis Partnership warned more of its department stores would be permanently closed after the "economic earthquake" of COVID-19 sent Britain's biggest employee-owned group to a 517 million pound ($721 million) annual loss. | Video
British pub operator Marston's said on Thursday Ralph Findlay intends to step down as its chief executive later this year, around two decades after he took the helm.
* Process to appoint successor underway
(Adds details on outgoing CEO, analyst comment)
* Shares up 6% after earlier 17.5% rise
(Adds shares, analyst comment, details on reopening and
Hikma Pharmaceuticals shares tumbled by as much as 8%, becoming the biggest loser on London's FTSE 100 index on Thursday, after falling short of analysts' average expectations for 2020 profit and gave guidance for weak 2021 figures.
* Shares drop nearly 7%
(Recasts, adds shares, CEO and analyst comments)
InterContinental Hotels booked an annual loss of $153 million on Tuesday, pummelled by repeated COVID-19 restrictions and lockdowns, but said a faster recovery in its Holiday Inn Express brand had helped it outperform in key markets.
Medical products maker Smith+Nephew said on Thursday pandemic-led disruption would continue into the first half of 2021 with uncertainty on the timing of recovery, as its annual trading profit missed average analyst estimates.
* Shares fall as much as 8%
(Updates shares, adds analyst comment)