Co-op Group’s bank stake set to fall
Craig TaylorThe Co-op Group is set to see its 30% stake in the Co-op Bank reduced further under a plan to raise £400m to shore-up the bank’s finances. BBC News – Business
Business
Barclays to announce big job cuts
Barclays is expected to announce as many as 15,000 job cuts in its strategy announcement due on Thursday, according to BBC business editor Kamal Ahmed. BBC News – Business
Former Astra boss attacks Pfizer bid
The former chief executive of AstraZeneca attacks Pfizer’s attempt to take over his old company, saying it will suck the lifeblood out of the firm. BBC News – Business
Portugal needs no more loans – PM
Portugal’s prime minister says the country will exit its three-year bailout this month without needing an emergency line of credit. BBC News – Business
News Corp buys ‘bodice ripper’ house
Rupert Murdoch’s News Corporation pays $ 415m for Harlequin, a Canadian publisher of ‘bodice ripper’ romance fiction. BBC News – Business
Pfizer raises AstraZeneca offer
US drugs giant Pfizer has raised the price it is offering for the UK’s AstraZeneca to £50 a share, valuing the firm at £63bn. BBC News – Business