Reuters UK Business

(Reuters) -Interpublic Group beat first-quarter revenue estimates on Thursday, helped by steady marketing spend by clients at the company’s Mediabrands, Deutsch and Golin divisions, sending its shares up nearly 5% in early trading. The advertising firm’s results show resilience as companies are pulling their marketing and advertising budgets amid an escalating global trade war and …

Interpublic beats quarterly estimates on steady demand across divisions Read More »

ROME (Reuters) -Cryptocurrency firm Tether said on Thursday it had further raised its stake in Italian Serie A soccer club Juventus to over 10%. The world’s fourth-largest cryptocurrency company first invested in February in Italy’s most popular soccer club, which is controlled by the Agnelli family through their investment company Exor. The new shareholding represents …

Cryptocurrency firm Tether raises Juventus stake to over 10% Read More »

MILAN (Reuters) -Italy’s Benetton family, a leading investor in Generali with a 4.8% stake, will abstain in Thursday’s vote to pick the insurer’s new board, keeping out of a shareholder battle, two people close to the matter said on Thursday. The vote is pitting a slate of candidates backed by Generali’s top investor Mediobanca, which …

Italy’s Benetton family to abstain in vote on new Generali board, sources Read More »

By Marc Jones LONDON (Reuters) -Ukraine’s government said on Thursday it had not been able to agree to a deal with holders of its GDP-linked warrants to restructure the bond-like debt instruments, although both sides said they were prepared to keep talking.     “Ukraine indicated that it could not accept the Restricted (GDP Warrant) Holders’ …

Ukraine fails to reach restructuring deal with GDP-linked debt holders Read More »

By Mathieu Rosemain PARIS -Today’s economic uncertainties could create corporate investment banking opportunities in Europe, BNP Paribas’ chief executive Jean-Laurent Bonnafe said on Thursday.  “There is probably a lot to come in terms of restructuring, refinancing, deleveraging, mergers and acquisitions,” he told analysts on a call, referring to large companies, which represent a big part …

BNP Paribas CEO sees future investment banking opportunities in Europe Read More »

By Ludwig Burger (Reuters) -Swiss drugmaker Roche is petitioning the U.S. government in direct talks for import tariff exemptions, arguing the products it ships into the United States are offset by its exports of U.S.-made drugs and diagnostics. “As long as we produce the same amount in the U.S. as we import … we would …

Roche seeks US tariff relief in direct talks with Trump administration Read More »

By Valentina Za and Gianluca Semeraro TRIESTE, Italy (Reuters) -UniCredit on Thursday threw its weight behind rebel Generali investor Francesco Gaetano Caltagirone, three sources said, in a move that may soften government opposition to a takeover bid for Banco BPM. Although Caltagirone was effectively defeated in Thursday’s shareholder vote to pick a new Generali board, …

UniCredit backs Caltagirone with large Generali stake Read More »

By Jan Lopatka and Jason Hovet PRAGUE (Reuters) -The Czech Republic’s competition authority has cleared the way for the signing of contracts with South Korea worth at least 400 billion crowns ($18 billion) for two new nuclear power units after it rejected appeals by EDF of France, it said on Thursday. The decision by the …

Czechs can sign $18 billion nuclear power deal after EDF appeals rejected Read More »