And in the real world... Tesco, Oracle, BA, GSK and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

The mergers and acquisitions market was boosted yesterday by ten deals worth $27 billion, with more than half of the total value paid for in cash. Oracle agreed to buy Sun Microsystems for $7.4 billion, GlaxoSmithKline bought the US pharmaceutical group Stiefel Laboratories for $3.6 billion, and PepsiCo offered to acquire its two biggest bottling units for $6 billion. Source: FT

Tesco has posted record annual pre-tax profits of £2.95 billion and revealed that it had achieved more than £1 billion in sales for each week of the year. Source: The Times

IBM has reported an 11 per cent fall in quarterly revenue, a sharper-than-expected drop for the US technology company.
Source: The Times

BA is among seven airlines being investigated by the European Union’s Competition Commission over concerns that monopoly laws could be broken by transatlantic operations. Source: The Independent

Pearson, the educational publisher and owner of the Financial Times, has been rebuffed by some of its largest shareholders over a £270 million capital raising plan. Source: FT

Become a member of Campaign from just £45 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content

Share

1 Why creative people have lost their way

What better way to kick off Campaign's relaunch than with another think piece on the current failings of our industry, written by an embittered, pretentious creative who misses "the way things used to be"...

Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).