Reuters UK Business

(Reuters) -British equities ended higher on Monday with heavyweight healthcare companies leading gains in the benchmark index, while U.S. trade policy developments remained in focus. The blue-chip FTSE 100 was nearly flat but posted its 11th consecutive winning session. The index also posted its longest winning streak since December 2019. The midcap FTSE 250 gained …

FTSE 100 posts longest winning streak in more than 5 years, healthcare stocks boosts Read More »

By Gianluca Semeraro and Valentina Za MILAN (Reuters) -Mediobanca on Monday struck back in the takeover war gripping Italian finance with a 6.3 billion euro ($7 billion) offer for wealth manager Banca Generali it will finance by handing over its stake in insurer Generali. The 13% stake, which dates back to the 1950s and makes …

Mediobanca hits back in Italy’s bank M&A war with $7 billion Banca Generali bid Read More »

LONDON (Reuters) – Several Spanish oil refineries, including both plants run by Spain’s second largest refinery operator Moeve, were shut down on Monday after a widespread power outage hit Spain and Portugal. A spokesperson for Moeve, which is owned by Abu Dhabi fund Mubadala and U.S.-based private equity firm the Carlyle Group, said it had …

Spanish oil refineries shut down after power blackout Read More »

By Amanda Ferguson, Tim Hepher, Kanjyik Ghosh and Allison Lampert (Reuters) – Airbus finalised an agreement on Monday to take over some plants from Spirit AeroSystems in a carve-up of the struggling supplier with rival Boeing, as unions voiced fears over thousands of jobs in Northern Ireland and Scotland. The deal comes months after Boeing …

Unions warn on UK jobs as Airbus reaches Spirit Aero factory deal Read More »

(Reuters) -Britain’s National Grid said on Monday it had filed a three-year rate plan proposal with the New York Public Service Commission for its upstate New York electric and natural gas distribution business. Niagara Mohawk Power Corporation (NIMO), which serves 1.7 million electric and 600,000 gas customers, represents around 15% of National Grid’s regulated asset …

National Grid files three-year rate plan for upstate New York Read More »

(Reuters) -Austria’s Erste Group Bank is in discussions with Santander about buying a 49% stake in the Spanish bank’s Polish unit in a deal that could be worth more than $8 billion, the lenders said on Monday. Santander said it had received interest from several parties, and both Santander and Erste said there was no …

Erste in talks with Santander to buy 49% of its Polish unit Read More »

By Maggie Fick LONDON (Reuters) -The chief executive of generic drugmaker Sandoz said a proposal by the CEOs of Novartis and Sanofi to introduce a Europe-wide list price for new medicines is “deeply flawed” and would not solve global pricing inequities. Richard Saynor told Reuters that the proposal – outlined in a letter to the …

Sandoz CEO slams EU-wide drug price proposal, warns US tariffs will hurt patient access Read More »