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Highlights: July 27, 2020 - August 1, 2020

Christian Fernsby ▼ | August 3, 2020
Stories that marked last week.
Business people
Last week in business  
AstraZeneca, Daiichi Sankyo in $1b oncology deal plus billions more

AstraZenecaAstraZeneca has entered into a new global development and commercialisation agreement with Daiichi Sankyo for DS 1062, Daiichi Sankyo's proprietary trophoblast cell surface antigen 2 (TROP2) directed antibody drug conjugate (ADC) and potential new medicine for the treatment of multiple tumour types....

Ryanair revenue fell 95%

RyanairRyanair revenue fell by 95% (almost 2.2bn euros) to just 125m euros as traffic dropped 99% at just 0.5m....

Steinhoff proposes $1 billion settlement to end legal claims

Steinhoff International HoldingsSteinhoff International Holdings proposed a $1 billion settlement to resolve more than $8 billion of legal claims lodged against the retailer following the accounting scandal that almost wiped out the company....

Ontario: Historic agreement delivers up to $4 billion to support municipalities and transit

Doug FordThe Ontario government, in partnership with the federal government, is providing up to $4 billion in urgently needed one time assistance to Ontario's 444 municipalities....

Greggs sales 300.6 million pounds

GreggsGreggs total sales for H1 to 27 June 2020 were 300.6 million pounds, 44.9 percent down on the same period of 2019....

Groupe PSA revenue 25,120 million pounds

PeugeotGroupe PSA revenue amounted to 25,120 million pounds in H1 2020, down by 34.5% compared to H1 2019....

Malaysia reports largest trade surplus

Malaysia peopleMalaysia recorded its largest monthly trade surplus in June, as exports to China and the U.S. rebounded....

IMF approves $4.3 bln loan to help South Africa to fight pandemic

International Monetary FundThe Executive Board of the International Monetary Fund (IMF) approved South Africa's request for emergency financial assistance of SDR 3,051.2 million (US$ 4,286.5 million or 100 percent of quota) under the Rapid Financing Instrument (RFI) to meet the urgent balance of payment (BOP) needs stemming from the outbreak of the coronavirus pandemic....

Nomura Holdings Q1 net income 155.3 percent higher

Nomura HoldingsNomura Holdings reported that its first quarter net income attributable to shareholders was 142.5 billion yen or $1.3 billion, 155.3 percent higher than last year's 55.8 billion yen....

GlaxoSmithKline Q2 profit more than doubles

GSKGlaxoSmithKline reported a second quarter profit that more than doubled, reflecting net profit on disposal of Horlicks and other Consumer Healthcare brands as well as increased income from asset disposals....

Total takes $8.1b impairment

TotalTotal announced an $8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the long term viability of some oil and gas assets....

Santander records biggest loss in its 163 year history

Santander consumer USABanco Santander achieved an underlying profit of 1,908 million euros in the first half of 2020, down 48%....

Shell swings to loss on $16.8 billion impairment

Shell gasRoyal Dutch Shell PLC on Thursday posted a swing to a significant loss on a current cost of supply basis for the second quarter on the back of impairments and lower prices, volumes and margins....

Liberty Latin America to acquire Telefonica Costa Rica for $500m

TelefonicaLiberty Latin America (LLA) has entered into a definitive agreement to acquire Telefonica Costa Rica for approximately $500 million....

OMV operating result decreased 86%

OMVOMV clean CCS operating result decreased 86% to EUR 145 mn....

Amazon posts its biggest profit

Amazon shopping cartAmazon Inc on Thursday posted the biggest profit in its history....

Air France Q2 loss 2.61 billion euros

Air FranceAir France reported Friday that its second quarter net loss group part was 2.61 billion euros, compared to last year's profit of 97 million euros....

Facebook nearly doubles net income in Q2

FacebookFacebook Inc. reported its financial results for the second quarter of 2020, with net income growing 98 percent to 5.178 U.S. billion dollars for the quarter ending on June 30, compared with 2.616 billion dollars in the corresponding period last year....

Exxon Q2 loss $1.1 billion

ExxonMobilExxon Mobil on Friday reported a $1.1 billion second quarter loss....

Noble Corporation plc files voluntary Chapter 11

Noble Corporation plcNoble Corporation plc announced that it has entered into a restructuring support agreement with two ad hoc groups of the largest holders of the Company's outstanding bond debt regarding a consensual financial restructuring transaction that will significantly deleverage the Company's balance sheet and position the Company for long term growth....


 

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