Hammerson (HMSO) halves dividend as portfolio plummets in value. One of Britain’s biggest shopping centre owners has slashed its dividend after £828 million was wiped off the value of its portfolio in a year.
American hedge fund Third Point takes aim at Prudential (PRU). An American hedge fund has built a 5 per cent stake in Prudential and is calling on the British insurer to split its Asian and US businesses.
Blackstone set to invest billions in Britain. An American infrastructure investor with a $14 billion war chest is preparing to pump money into Britain.
Alarm as Tesco (TSCO) opens first mainstream cashless store. Tesco is opening a cashless shop in London in the most significant move yet by Britain’s biggest retailer to shift away from coins and notes towards electronic payments.
GlaxoSmithKline (GSK) works with China to find vaccine. One of Britain’s biggest drugs companies is partnering with a Chinese biotech company to develop its vaccine candidate for the coronavirus.
