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QinetiQ Group plc (QQ.L) has appointed Shawn Purvis as President and CEO of QinetiQ US, effective 16 February 2022. Shawn is currently a member of the Executive Leadership Team and Corporate Vice President at Northrop Grumman Corporation. Shawn will join QinetiQ's global leadership team and also join...

Medivir AB (MVRBF.PK) said Jens Lindberg will assume his position as CEO on January 24, 2022. Jens joins the company from his current position as VP Commercial at Sedana Medical. Prior to that, during twenty-five years at AstraZeneca, Jens held numerous roles, spanning local and global areas of responsibility. "His...

Accor (ACRFY.PK, ACRFF.PK) said it plans to open more than 300 new hotels and resorts in 2022. The company said one of the most anticipated openings of the year is Raffles London at The OWO. Located at the historic Old War Office, it will offer 120 rooms and suites, 85 unique branded residences and 11...

Eastman (EMN) said the company plans to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use the company's polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being...

Hikma Pharmaceuticals PLC (HIK) has agreed to acquire the Canadian assets of Teligent Inc. for $45.75 million. The acquisition includes a portfolio of 25 sterile injectable products, three in-licenced ophthalmic products and a pipeline of seven additional products, four of which are approved by Health...

Renault Group (RNSDY.PK, RNSDF.PK, RNT.L) reported 2021 worldwide sales of 2,696,401 vehicles, down 4.5% from previous year. The Group said its LADA brand continues to lead the Russian market with a market share close to 21%. The renewal of the Dacia brand range has been a success, driven in particular...

In a planned update released on Monday, Unilever (UN, ULVR.L, UL) stated that GSK Consumer Healthcare would be a strong strategic fit for the company. Unilever believes this would be an attractive and synergistic combination for the shareholders of Unilever, which would also deliver value and certainty...

As per a report published in Bloomberg, Unilever PLC (UN, ULVR.L, UL) has held talks with banks regarding additional financing for a new offer for GlaxoSmithKline's (GSK.L, GSK) Consumer Products division. On Saturday, GSK stated that it rejected all three proposals from Unilever plc to acquire the...

BBVA Chairman Carlos Torres Vila stated that, in 2021 and 2022, the Group expects to distribute more than 7 billion euros to shareholders. This includes the share buyback program and the expected dividends for both years. BBVA Chairman noted that the priority is profitable growth, but he did not rule...

Telenor Group (TELNY.PK, TELN) has agreed to sell its 51 percent share of Digital Money Myanmar Limited for $53 million to Yoma MFS Holdings Pte. Ltd, a subsidiary of Yoma Strategic. Yoma Strategic will become the largest and controlling shareholder of Digital Money Myanmar, or Wave Money. Wave Money...

Frankfurt Airport welcomed some 24.8 million passengers in 2021, a 32.2 percent increase from 2020. Compared with 2019 pre-crisis level, passenger volume for 2021 was down 64.8 percent. Fraport AG's CEO, Stefan Schulte, said: "Throughout 2021, the Covid-19 pandemic continued to have a massive impact...

Vanda Pharmaceuticals Inc. (VNDA) said that it has reached a License Agreement with MSN Pharmaceuticals Inc., MSN Laboratories Private Limited and Impax Laboratories to settle Vanda's patent litigation against MSN regarding MSN's Abbreviated New Drug Application seeking approval of its generic version...

HCL Technologies Limited reported third-quarter net income to shareholders of $457.74 million or $0.17 per share compared to $539.64 million or $0.20 per share, prior year. Gross profit increased to $1.12 billion from $1.10 billion, last year. Revenue increased to $2.98 billion from $2.62 billion, a...

Citigroup Inc. (C) said its fourth quarter net income declined 26% from the prior-year period, reflecting higher expenses, partially offset by higher revenues and lower cost of credit. The company noted that its results for the quarter included a pre-tax impact of approximately $1.2 billion related to...

The ODP Corp. (ODP) announced Thursday that its Board of Directors determined to delay the previously announced public company separation to evaluate a potential sale of the Company's consumer business. In May 2021, the Company announced that its Board of Directors unanimously approved a plan to separate...

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