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Young’s Seafood in three-way battle over £200m sale
August 15, 2018
Young’s Seafood has become the subject of a three-way bid battle as a potential £200m sale of the frozen food manufacturer nears conclusion. Former private equity owner CapVest, Japan’s Mitsubishi Corporation and UK Fisheries are understood to be pursuing a deal. The sale is expected..
Chemicals industry capex remains muted – UBS
August 15, 2018
Global average chemicals industry capital expenditure (capex) remains muted amid forecasts of weaker global growth and the spectre of trade wars between key economies, investment bank UBS said on Monday. Data from first-half financial reporting points to average capital expenditure standing at 7% of sales..
Allergan taps Pfizer oncology veteran as CMO
August 15, 2018
As Allergan enters a key phase for late-stage products crucial to its turnaround, it’s poached a Pfizer veteran to help bring its plans to fruition. The Dublin drugmaker has brought on Charles Hugh-Jones, the chief medical officer at Pfizer’s oncology unit, to serve as its..
NZ’s Fonterra appoints Miles Hurrell as interim CEO
August 15, 2018
New Zealand’s Fonterra on Wednesday appointed Miles Hurrell as the cooperative’s interim chief executive, days after cutting its earnings forecast, citing tighter margins. Hurrell is currently the chief operating officer of Farm Source – the unit responsible for working directly with Fonterra’s farmer-owners. He takes..