Reuters UK Business

By Amy-Jo Crowley LONDON (Reuters) -Private equity firm Apax Partners has emerged as the frontrunner to buy Finastra’s treasury and capital markets (TCM) business for around $2 billion including debt, people familiar with the matter said on Friday. London-based Apax has been competing in an auction that the financial technology company’s majority owner, fellow buyout …

Buyout firm Apax favorite to win Finastra unit in $2 billion deal, sources say Read More »

(Reuters) -Business payments firm Corpay Inc said on Friday it was in talks with Alpha Group International about a possible cash offer for the UK-based financial services provider. Corpay, which offers tools that allow businesses to make payments to vendors, is required by law to announce a firm offer for Alpha or walk away by …

Corpay in talks over possible takeover of UK’s Alpha Group Read More »

BRUSSELS (Reuters) -EU antitrust regulators will rule on Italian bank UniCredit’s takeover bid for its smaller rival Banco BPM by June 4, according to a filing on the European Commission website. UniCredit’s offer, which runs until June 23, has already been rejected by Banco BPM as too low. The EU competition watchdog can approve the …

EU antitrust regulators to rule on Unicredit’s Banco BPM bid by June 4 Read More »

LONDON (Reuters) -The British government will next week warn all UK companies to treat cyber security as an “absolute priority” in the wake of attacks on retailers Marks & Spencer, the Co-op Group and Harrods. Cabinet office minister Pat McFadden on Friday led a briefing with national security officials and Richard Horne, the CEO of …

Britain to warn companies cyber security must be ‘absolute priority’ Read More »

By Jessica DiNapoli NEW YORK (Reuters) -Yogurt maker Danone is looking to remove artificial dyes from its U.S. portfolio, which includes the Yo Crunch and Light & Fit brands, said Shane Grant, CEO of the company’s Americas business, in an interview on Wednesday. U.S. food makers are under pressure to remove artificial dyes from their …

Yogurt maker Danone working to remove artificial dyes from products sold in US Read More »

(Reuters) -The U.S. Food and Drug Administration has accepted Novo Nordisk’s marketing application for an oral version of its weight-loss drug Wegovy and will decide in the fourth quarter, the Danish drugmaker said on Friday. The company’s experimental once-daily version will become the first oral GLP-1 for chronic weight management, if approved. U.S.-listed shares of …

US FDA accepts Novo Nordisk’s application for oral Wegovy for weight loss Read More »

By James Davey and Sarah Young LONDON (Reuters) -Britain’s Marks & Spencer entered a second week unable to take online orders on Friday following a major cyberattack, while food retailer the Co-op Group said hackers had stolen customer data. Some 700 million pounds ($930 million) has been wiped off the stock market value of M&S …

Cyberattacks blight Britain’s retailers as M&S, Co-op’s systems’ breached Read More »

By Helen Reid LONDON (Reuters) -With the end of a U.S. tariff exemption for small parcels on Friday, some retailers have stopped selling to customers in the United States while others are seeking temporary workarounds in the hope the tariff rate may be reduced. The removal of “de minimis” – duty-free treatment of e-commerce packages …

As Trump moves to tax small parcels, some retailers give up on US Read More »