06:10 AM EDT, 08/01/2024 (MT Newswires) -- Ferguson (FERG) said Thursday that it has completed the planned transition of its corporate structure and the transfer of its domicile to US. Pursuant to the move, Ferguson Enterprises Inc will now be the parent company of Ferguson plc ( FERG ) group, which has been re-registered as a private company. Ferguson plc...

06:04 AM EDT, 08/01/2024 (MT Newswires) -- Group 1 Automotive ( GPI ) said Thursday that it has closed the acquisition of Inchcape Retail's automotive operations, covering 54 dealership locations in the UK. The company said Inchcape Retail's dealerships are estimated to generate $2.7 billion in annual revenue, bringing its 2024 total acquired revenue to $3.8 billion year-to-date. ...

TOKYO, Aug 1 (Reuters) - A Japanese health ministry panel on Thursday recommended approval for Eli Lilly's ( LLY ) dementia treatment donanemab. Formal approval is expected shortly after the panel's vote, which would make the drug Japan's second approved treatment for Alzheimer's disease after Leqembi, developed by Eisai ( ESALF ) and Biogen. Donanemab, sold under the brand name...

06:12 AM EDT, 08/01/2024 (MT Newswires) -- EUR/USD should be doing better now that short-dated United States rates are on the move again, said ING. The problem is that short-dated euro interest rates are quite soft too as financial markets consider the European Central Bank cutting more than twice later this year. That pricing seems far too aggressive in the...