Smith & Nephew

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Irish Stock Exchange: the Iseq index lost 0.2 per cent to 5,804.47 points.  Smurfit Kappa was among the weakest stocks, falling 3.9 per cent to €20.66. Photograph: Dara Mac Dónaill

European stocks dropped as investors assessed a slew of earnings reports and banks fell before Friday’s stress-test results. On one of the busiest da(...)

The average sum given by parents to their “generation rent” offspring is £17,500, or 7 per cent of purchase price

There’s a new bank in town and it’s a force to be reckoned with. It didn’t have a big launch and there’s been no expensive advertising campaign, but B(...)

BP’s chief executive Bob Dudley:  BP shareholders voted on April 14 to oppose his  $20 million pay package for 2015, the rare revolt reflecting outrage after the British oil and gas company recorded its biggest annual loss. Photograph: REUTERS/Suzanne Plunkett/Files

Chief executives’ outsized pay packages are again coming under scrutiny, following a host of controversial pay awards in recent weeks. A fortnight ago(...)

Martin Sorrell: said he had spent more than three decades building WPP from a £1m company into one capitalised at £21bn

Martin Sorrell, the septuagenarian boss of advertising giant WPP, doesn’t like the word “pay”. Instead, it seems, he prefers the term “reward” to desc(...)

A demonstrator from the Sea Shepherd marine conservation organisation protests outside Excel London as BP held its annual general meeting. Photograph:  Justin Tallis/AFp/Getty images

Angry shareholders mounted an unprecedented protest against BP yesterday, rebelling against a 20 per cent pay rise for chief executive Bob Dudley desp(...)

Twitter: results out on Thursday. Photograph: Reuters/Kacper Pempel
Your business diary for this week

TODAY Results: Exxon Mobil. Indicators: Euro zone Markit manufacturing PMI (Jan); Irish PMI manufacturing (Jan); US ISM manufacturing PMI (Jan) and pe(...)

AbbVie had recently said it was still committed to the deal, which would have reduced the reliance on its Humira drug, the world’s top selling arthritis medicine which loses US patent protection in 2016

Chicago-based AbbVie said it was reconsidering its $55 billion takeover of Dublin-headquartered Shire weeks after the USgovernment moved to curb dea(...)

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(...)

Shares in Banco Espirito Santo sank 40 per cent, adding to its 42 per cent plunge on Thursday when the bank posted a €3.6 billion loss and higher-than-expected provisions to cover its exposure to companies owned by its founding Espirito Santo family. Photograph:  Reuters

European stocks fell to their lowest levels in more than three months as companies posted worse-than-expected earnings.US stocks followed European sha(...)

The Medtronic Inc headquarters building in Minneapolis, Minnesota, yesterday. Photographer: Ariana Lindquist/Bloomberg

Medtronic’s successful pursuit of Covidien throws a revealing light on the intense search for scale and pipeline by medical device and pharma companie(...)

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