Alliance Boots

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US regulators have charged Walgreens Boots Alliance’s former chief executive Gregory Wasson and former chief financial officer Wade Miquelon with misl(...)

Thorntons has become something of a joke in the City for its repeated profit warnings, its failure to sell eggs at Easter or boxed chocolates at Christmas and its constant complaints about the weather being too hot or too cold – or sometimes both. Photograph: EPA

The takeover of a famous British name by an overseas bidder is usually greeted with a chorus of complaints about the erosion of the nation’s industria(...)

The British division of Walgreens Boots Alliance will cut 700 non-store support positions through a combination of job cuts, assignments to other departments and not replacing people who leave or retire, the pharmacy operator said in a statement on Monday.

Chemist chain Boots is to cut it s administrative workforce by 10 per cent. This is part of the UK company’s contribution to a $1.5 billion cost-cutti(...)

 Traders on the floor of the New York Stock Exchange yesterday. Positive jobs reports sent the Dow Jones Industrial Average sharply higher. Photograph: Getty Images

European shares posted this year’s biggest advance, buoyed by a surprise election win for the British Conservative party and improving US jobs data.In(...)

UDG Healthcare earned pretax profits of €71 million for the 12 months ended September 30th, 11 per cent more than it earned in 2013. Photograph: David Sleator

Drug distributor UDG Healthcare plans to spend €24 million on boosting the capacity of its US packaging plants between now and mid-2016 to meet grow(...)

Tim Hortons employees prepare coffee before the company’s annual general meeting in Toronto. Burger King Worldwide is in talks to acquire Tim Hortons. The combined company would be headquartered in Canada, where Tim Hortons is based and taxes are generally lower than in the US. Photograph: Peter Jones/Reuters
Inversion express slow to crawl

President Barack Obama’s full- throated denunciation of overseas mergers that lower US companies’ taxes is throwing cold water on potential deals. On (...)

UDG said that with the on-going convergence of the pre-wholesale and wholesale markets in the UK, UniDrug has a “reduced fit” with UDG Healthcare’s core supply chain services operations in Ireland. Photograph: Dave Meehan

Healthcare services provider UDG Healthcare has sold its 50 per cent stake in UniDrug Distribution Group to its joint venture partner Alliance Boots f(...)

Medtronic, the Minneapolis-based device maker, said in June it will pay about $42.9 billion for Dublin-based Covidien in a tactic partly aimed at freeing $14 billion of overseas cash.

Speculation Medtronic will modify its offer for Covidien as sentiment worsens toward tax inversions is fueling demand for bearish options. Covidien co(...)

A T-Mobile logo being positioned on a shop front. Shares in Deutsche Telekom fell as much as 5 per cent to a 16-week low on Wednesday. Photograph: Kacper Pempel/Reuters

Tuesday, August 5th, 2014 is likely to go down as one of the darker days in the history of Wall Street’s mergers and acquisitions market.In the space (...)

Walgreens  pharmacy chain announced a  deal to acquire full control of Switzerland-based Alliance Boots – but without an inversion that could have saved the company billions of dollars in taxes. Photograph: Reuters

Billions of dollars were wiped off the value of European healthcare companies yesterday after the Obama administration threatened action to halt the w(...)

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