LONDON (Reuters) – Britain’s Prudential Regulation Authority has fined George Jay Hambro, a former non-executive director of Wyelands Bank, 72,000 pounds ($93,096) for rule breaches between July 2017 and February 2020, the Bank of England’s regulatory arm said on Wednesday. ($1 = 0.7734 pounds) (Reporting by Sam Tabahriti, Editing by Sarah Young)
By Patricia Weiss INGELHEIM, Germany (Reuters) -Germany’s largest pharmaceutical company Boehringer Ingelheim on Wednesday reported a currency-adjusted 6.1% gain in 2024 revenues, buoyed by diabetes drug Jardiance and lung drug Ofev. Group sales reached 26.8 billion euros ($28.94 billion), the family-owned, unlisted drugmaker said in a statement. Boehringer’s Jardiance group of products, managed in a …
Boehringer Ingelheim 2024 sales up forex-adj 6.1% Read More »
LONDON (Reuters) – The pound was little changed on Wednesday, with global markets in limbo ahead of U.S. President Donald Trump’s long-awaited tariff announcement later in the day, which has the potential to further cool the already tepid UK economy. Sterling was flat at $1.2921, around the level at which it has traded since mid-March. …
Pound steady but edgy as investors await Trump tariff plans Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Ryanair on Wednesday lost its fight against 650 million euros ($702 million) of Polish state aid granted to Polish airline LOT after Europe’s second-highest court sided with EU competition authorities which allowed the subsidy. European Union governments provided billions of euros in aid to their national airlines at …
Ryanair loses court fight against $701 million Polish state aid for LOT Read More »
(Reuters) – Shares in BNP Paribas fell after French financial media Les Echos on Tuesday reported the Belgian government is considering selling its shares to set up a defence fund. Shares in the French lender were down 2.6% around 0816 GMT, while the European Stoxx banking index shed 1.1%. Traders attributed BNP’s sharper selloff to …
BNP slides as media reports Belgium considers selling stake Read More »
ROME (Reuters) – Italy’s main business lobby Confindustria on Wednesday cut its economic growth forecast for the country, warning that looming U.S. trade tariffs risked further worsening the outlook. U.S. President Donald Trump was expected to unveil a comprehensive tariff plan later on Wednesday, amid fears among businesses, consumers and investors worldwide about an intensifying …
Italy business lobby lowers GDP forecast as U.S. tariffs loom Read More »
COPENHAGEN (Reuters) -Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company’s stance on workers’ rights. Tesla, headed by billionaire Elon Musk, is facing a backlash from unions and some pension funds in the Nordic region over its refusal to accept a demand …
Swedish insurer Folksam divests $160 million Tesla stake Read More »
(Reuters) -Convenience food manufacturer Greencore on Wednesday agreed to buy rival Bakkavor in a deal valued at 1.2 billion pounds ($1.55 billion), to create a convenience foods giant in Britain. Greencore has offered to buy Bakkavor for 200 pence per share in a cash and stock deal, after being rebuffed twice, at a premium of …
UK food group Greencore to buy rival Bakkavor in $1.6 billion deal Read More »
(Reuters) – British power generator and network operator SSE on Wednesday trimmed its guidance for annual adjusted earnings per share, but maintained its long-term profit expectations as it pushes ahead with its renewable energy goals. It said it now expects earnings to be in a range of 155 pence to 160 pence for the 2025 …
SSE trims annual earnings outlook but expects renewables growth in UK Read More »
MADRID (Reuters) -Japanese tyremaker Bridgestone said it plans to cut jobs at two factories in northern Spain in reaction to an adverse evolution of the European market and the rise of non-European products. The company plans to cut 546 jobs at two factories making tyres for tractors, other farm vehicles, buses and trucks in Cantabria …
Tyre maker Bridgestone to cut 546 jobs in Spain on uncertainty, competition Read More »
