Loeb's Third Point hedge fund targeting Nestle for strategic changes- Bloomberg
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.
LONDON, June 13 Britain's outsourcing group Capita said it expected profitability to improve in the second half of 2017 after seeing signs of stronger trading in its European and IT Services businesses.
Capita, which announced the departure of its chief executive and a bigger than expected drop in profits in March, said it still expected 2017 to be a transitional year as it restructures the group.
While it is seeing improving profitability in its IT Services division and better trading in Germany and Switzerland, the firm said trading across its property, employee benefits and learning services operations was yet to improve. (Reporting by Kate Holton; editing by Costas Pitas)
HAMILTON, Bermuda, June 25 Although there is no Italian America's Cup team in Bermuda after Luna Rossa withdrew in anger over a rule change, Italy is having an impact on the final and could influence the cup's future.
FRANKFURT, June 23 Germany's Merck KGaA has won a key recommendation to become a late entrant to the market for oral multiple sclerosis (MS) drugs in Europe, six years after its first attempt to launch the cladribine pill failed.