Shares of the Swedish biotech firm collapsed after it announced it would discontinue in-house development of its pancreatic cancer drug, mitazalimab, and seek a rights issue to secure funding.
UK warehouse landlord Segro saw its shares jump after signaling support for an improved and final £14 billion takeover offer from its U.S. rival Prologis. The deal would consolidate two major players in the global logistics real estate market.
Taiwan's benchmark stock index, the Taiwan Weighted, closed 1.34% higher on Thursday, buoyed by strong performance in the technology and plastics sectors. Nanya Technology and APAQ Technology were among the top gainers.
Nestlé announced plans to spin off its water business into a 50-50 joint venture with U.S. investment firm Platinum Equity, a deal that values the new entity at €4.9 billion and is expected to generate approximately €3.0 billion in proceeds for the Swiss food giant.
The kitchen and joinery supplier reported a 4.3% rise in first-half adjusted profit, exceeding analyst expectations, but increased its forecast for full-year cost inflation due to rising timber prices.
The Swiss food giant will form a 50:50 joint venture with private equity firm Platinum Equity for its Waters & Premium Beverages unit, a deal that values the business at €4.9 billion.
The conglomerate, which is India's largest airport operator, is reportedly evaluating the launch of a new airline, a move that could significantly impact the competitive landscape dominated by IndiGo and Air India.
The UK asset manager reported a significant increase in first-half underlying pretax profit to £50.7 million, driven by its recent acquisition and improved cost controls. Assets under management grew 36% to £73.7 billion.
The telecommunications firm posted first-quarter revenue of $1.85 billion, surpassing analyst expectations, driven by double-digit growth in its customer base and strong performance in its data and mobile money segments.
