Reuters UK Business

MILAN (Reuters) -Italian luxury menswear maker Ermenegildo Zegna on Monday outlined a succession plan, as Chief Executive Gildo Zegna moved to the role of executive chairman, while his sons Edoardo and Angelo are stepping up to lead the family-owned group’s flagship brand. The group appointed the current finance chief,  Gianluca Tagliabue, as its new CEO, …

Zegna reshapes leadership as fourth-generation family members move up Read More »

By Anirban Sen NEW YORK (Reuters) -Blue Owl Capital is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the alternative asset manager evaluates its options after facing investor backlash against the move last week, according to two people familiar with the …

Exclusive-Blue Owl considers reviving merger of private credit funds, contingent on fund’s share price, sources say Read More »

By William Schomberg and Alistair Smout LONDON (Reuters) -The head of a British employers group urged finance minister Rachel Reeves on Monday to make “hard choices” in this week’s budget and accused her of ignoring business on issues such as a plan to give workers more rights. The chief executive of the Confederation of British …

UK employers tell Reeves to make ‘hard choices’ on budget Read More »

LONDON (Reuters) -Britain’s fiscal watchdog will downgrade its economic growth forecasts for 2026 and for the remaining years of the current parliament alongside finance minister Rachel Reeves’ budget on Wednesday, Sky News reported on Monday. The independent Office for Budget Responsibility was already expected to cut its key productivity growth forecasts, according to media reports …

UK’s fiscal watchdog will downgrade growth forecasts, Sky News says Read More »

By Melanie Burton, Clara Denina and Roshan Thomas MELBOURNE/LONDON (Reuters) -BHP on Monday abandoned a last-ditch effort to buy rival Anglo American and bolster its dominance in copper, just two weeks before Anglo and Teck Resources’ shareholders were set to vote on a $60 billion merger. BHP said it would no longer pursue a potential …

BHP walks away from last stab at Anglo American takeover Read More »