GlaxoSmithKline (GSK) revamps incentives for sales representatives. Drugmaker to link bonuses to number of prescriptions written for its medicines
Thomas Cook Group (TCG) receives offer for northern European business. Ailing UK travel group says Triton offer ‘highly preliminary and unsolicited’
Lex – Merlin Entertainments (MERL)/ValueAct: buyout no wizard wheeze. Like a grouchy uncle who dislikes roller coasters, US activist thinks the stock is underrated
Lloyds Banking Group (LLOY) chief called before parliament over pension payments. António Horta-Osório to appear before MPs before the summer recess
Diageo (DGE) watching cannabis trend but no need to rush, says chief. Ivan Menezes focuses on spirits as drinks group sets out new financial targets
B&M European Value Retail S.A. (DI) (BME) chief dampens talk of Asda bid. Simon Arora says discount retailer ‘does not need’ M&A for growth
Outsourcer Serco Group (SRP) to buy US naval systems contractor for $225m. Investors welcome the deal which will expand the company’s business outside the UK
AJ Bell (AJB) shrugs off Brexit angst with 27% leap in profits. Wealth manager’s shares have rallied sharply since its IPO last year