Business & Deals

  • BP’s profits quadruple for 4th quarter as the UK oil and gas group benefited from higher crude prices and a surge in production from new projects

  • Broadcom raises Qualcomm bid to $146bn in the midst of a key shareholder showdown that will decide the tech industry’s biggest-ever takeover attempt

  • Labour calls for block on £7bn hostile takeover of GKN— The UK’s opposition Labour party has called on the government to prevent the £7bn takeover of the automotive and aerospace group on the grounds of national security

  • Blackstone strikes $17bn deal for Thomson Reuters data unit in its largest deal since the financial crisis, taking a controlling stake in the financial terminals and data business. This makes the US money manager a direct competitor to Bloomberg

  • Amazon and Berkshire Hathaway announce joint plans for delivering low-cost healthcare to their workers. The move put immense pressure on the share prices of traditional healthcare providers yet could be a future boon to American consumers, who thus far have been plagued by continually rising health costs.