Pushkala Aripaka

NMC Health founder Shetty resigns as co-chairman in latest blow

17 Feb 2020

NMC Health founder BR Shetty has resigned as co-chairman, creating further uncertainty for the UAE healthcare company, which has seen its shares collapse in the past few weeks on doubts about the shareholdings of its major investors.

AstraZeneca braces for coronavirus hit, but no impact so far

14 Feb 2020

AstraZeneca forecast a likely slowdown in revenue growth this year, assuming a hit from China's coronavirus epidemic lasting up to a few months, although it added there had been limited disruption to its operations so far.

KKR rules out offer for NMC, Italian-backed group confirms interest

11 Feb 2020

Private equity firm KKR on Tuesday said it does not intend to make an offer for troubled NMC Health but Italian-backed GKSD Investment Holding confirmed it could bid.

NMC Health reveals KKR, GK approaches as founder Shetty steps back

11 Feb 2020

NMC Health Plc disclosed preliminary buyout approaches from private equity firms KKR & Co Inc and GK Investment on Monday, lifting its shares, which have dropped dramatically since Muddy Waters last year queried its financial statements.

GSK profit falls short as cheap competition hits older drugs

05 Feb 2020

GlaxoSmithKline missed fourth-quarter earnings forecasts on Wednesday as cheap competition to the British drugmaker's respiratory medicines offset strong growth in sales of its shingles vaccine.

Avast pulls plug on Jumpshot after data privacy scandal

31 Jan 2020

British cybersecurity company Avast will close the Jumpshot analytics business at the center of a data privacy scandal, it said on Thursday, putting hundreds of jobs at risk and deepening a slide in its shares.

CORRECTED-UPDATE 2-Avast pulls plug on Jumpshot after data privacy scandal

31 Jan 2020

* CEO says Jumpshot and Avast acted 'fully within legal bounds'

Food fight: UK regulator probes Takeaway.com's takeover of Just Eat

24 Jan 2020

Britain's competition watchdog will probe Takeaway.com's buyout of Just Eat, possibly delaying completion of the multi-billion dollar deal to create one of the world's largest meal delivery companies.

World News