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Clayton Dubilier & Rice Inc
US buyout firm CD&R hires former Tesco chief Dave Lewis
...Clive Black, a retail analyst at Shore Capital, said it was “a stunning appointment”, adding: “There’s no one who knows consumer products better than Lewis.”CD&R invests across six core sectors, including...
January 15, 2024
BBC
BBC develops AI plans and talks to Big Tech over archives access
...The development of BBC AI products through its own R&D team would probably involve utilising “open source” — or publicly available — AI models, said a person close to the situation....
March 21, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Technology sector
China blocks use of Intel and AMD chips in government computers
...To be evaluated, companies must submit their products’ complete R&D documentation and code....
March 24, 2024
Private equity
Natura to sell The Body Shop to private equity firm for £207mn
...The retailer’s declining sales continued in the third quarter, falling 13 per cent in constant currency terms to R$830mn....
November 14, 2023
LexApple Inc
Apple’s buyback bonanza could be casualty of antitrust crackdown Premium content
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
March 27, 2024
LexIntuit Inc
AI boom can even work on your taxes Premium content
...The company reckons that AI can make tackling US tax returns — with its W-2s, 1098s and other obscurely coded documents — easier. It has rolled out an AI assistant across its core products....
April 22, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Disease control and prevention
Pandemic resilience effort must match Covid R&D funding, says health chief
...Nemer said committing to funding levels of $10bn-$15bn for R&D would be justified to tackle other pathogens....
January 23, 2024
Inside BusinessRichard Waters
Apple’s slow-burn approach to products
...It arrives to unusually low sales expectations for a landmark product from a company with a reputation for defining important new consumer tech markets....
January 25, 2024
Roche Holding AG
Roche cuts drug pipeline in effort to revitalise business
...But analysts at Jefferies said that worries about the company’s “R&D productivity will take time to lift”, pointing to a lack of significant trial results expected in 2024 and growth tailing off for the...
April 24, 2024
InterviewSouth Korea Economy
China now a rival rather than boon for South Korean exporters, warns minister
...“Although our R&D budget fell this year, we will provide utmost support for R&D spending next year, reflecting the reform results.”...
April 8, 2024
AstraZeneca PLC
Europe falling behind US and China in pharma innovation, warns AstraZeneca chief
...AstraZeneca has invested heavily in R&D under Soriot’s tenure and has launched a string of blockbuster products including top-selling cancer drugs Tagrisso and Imfinzi, which brought in $1.6bn and $1.1bn...
April 25, 2024
Oliver Ralph
Let’s hear it for the FTSE 100’s magnificently unglamorous seven
...Last year Bunzl’s acquisitions included a distributor of food service equipment in Spain with annual revenues of €5mn, and a hygiene products business in Brazil with annual revenues of R$210mn (£33mn)....
April 15, 2024
John Gapper
Fake Magnum ice cream is too upsetting for Unilever
...Froneri is now the world’s second-largest ice cream maker after Unilever; it started with R&R Ice Cream, a North Yorkshire company that originally made ice cream for Morrisons....
March 22, 2024
News in-depthSanofi SA
Sanofi chief says he could have done a better job outlining R&D plan
...The company needs to launch new products to replace its blockbuster asthma and eczema drug Dupixent, where Sanofi’s exclusive rights run out in the early 2030s....
December 7, 2023
Global trade
Poorly targeted dash to subsidise key industries will backfire, warns IMF
...Properly targeted support for R&D equivalent to 0.5 percentage points of gross domestic product could raise output by 2 per cent for the average advanced economy, the Washington-based fund said in a chapter...
April 10, 2024
FT Live
Funding Biopharma Innovation
Strategies for investing in drug development and commercialization
Wednesday, 26 June345 Park Avenue South, New York, NY, USA
Brazilian economy
Blackouts spark fears of grid ‘collapse’ in Brazil’s biggest city
...But he added that “Enel has almost doubled investments . . . to about R$1.5bn [$300mn] a year, compared with R$800mn invested by the previous concession holder....
April 7, 2024
InterviewChinese business & finance
Chinese robot maker says protectionism will not stop its march
...products than foreign competitors....
April 4, 2024
HTSI
The Unseen Beauty is totally un-kohl
...The company’s cosmetic arm, The Unseen Beauty, has released two products. Colour Alchemy Hair is a hyper-coloured hair dye that requires no bleaching....
April 9, 2024
Meta Platforms
How Meta got over Silicon Valley’s disdain for dividends
...The decision to begin regular dividend payments comes as Meta faces rising costs to fund an arms race with its Big Tech rivals to develop generative AI products, which require large investments in technical...
February 2, 2024
Vale SA
BHP and Vale ordered to pay $9.7bn over Brazilian dam collapse
...Set up to carry out repairs and provide financial redress under an initial deal in 2016 between the companies and public authorities, Renova has distributed R$34.8bn, according to its website....
January 25, 2024
LexL'Oreal SA
Rare stumble has investors wondering if L’Oréal still worth it Premium content
...Its scale means it can spread R&D spending and overheads over €41bn of turnover....
February 9, 2024
Semiconductors
Samsung boosts Biden’s chipmaking ambitions with Texas plant upgrade
...The senior US official also noted that Samsung’s R&D fab for developing future generations of chips would be only the fourth such facility in the world and the first built in the US by a non-US company....
April 15, 2024
LexPharmaceuticals sector
Big Pharma still needs trial success to overcome looming patent panic Premium content
...Pharmaceutical companies must replenish their drugs pipeline before exclusivity rights on top-selling products expire....
February 6, 2024
LexRetail sector
The Body Shop: 1970s brand needs millennial makeover Premium content
...Ebitda tumbled to R$363.6mn from R$1bn in 2021 as margins fell by more than half to 8.3 per cent. All three metrics have fallen another step lower in the first nine months of this year....
November 14, 2023
InterviewBayer AG
Bayer chief blames thin drug pipeline on ‘years of under-investment’
...“This is a business with 10- to 15-year product life cycles,” he said. “We did a major turnaround in our pharma R&D pipeline beginning five years ago....
November 26, 2023

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