Reuters UK Business

Novo Nordisk membership in UK pharma body restored after suspension

17 Mar 2025

By Maggie Fick LONDON (Reuters) -Danish company Novo Nordisk’s membership in a UK pharmaceutical industry body has been restored after a two-year suspension for breaching a national drugmakers practice code. The Association of the British Pharmaceutical Industry concluded it was satisfied the drugmaker had improved its compliance and governance protocols, the authority said on Monday. …

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French TV regulator to rule on Eutelsat’s potential sanctions breach ‘very shortly’

17 Mar 2025

By Alban Kacher (Reuters) – France’s Arcom will rule on Eutelsat’s compliance with European sanctions against Russia soon, the broadcasting authority told Reuters, following requests from several NGOs that it should take action against the satellite provider. “The process of investigating the cases reported to Arcom is nearing completion, and the authority’s college is due …

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Defence firm QinetiQ warns of US, UK contract award delays, shares fall

17 Mar 2025

(Reuters) -British defence and security company QinetiQ warned on Monday of delays in short-term contracts being awarded in the U.S. and UK, where new policies are being implemented after changes in government. Shares in the company, which develops and tests systems used across defence, space, government and other sectors, fell as much as 22.2% and are …

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Russian central bank expected to keep key rate on hold amid uncertainty: Reuters poll

17 Mar 2025

By Elena Fabrichnaya MOSCOW (Reuters) – The Russian central bank will keep its benchmark interest rate on hold at a board meeting on March 21, all 29 analysts who took part in a Reuters poll predicted on Monday, since more time is needed for inflation to respond to the tight monetary policy. Despite the key …

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Tariffs might not happen but tequila is already paying the price

17 Mar 2025

By Emma Rumney LONDON (Reuters) – Even if U.S. President Donald Trump’s tariffs on Mexico are not imposed, the threats and uncertainty caused by on and off-again levies have already cost the tequila sector money and could drive a temporary slowdown in sales, producers, investors and analysts told Reuters.  The 25% tariffs, initially due to …

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Google preparing to partner with Taiwan’s MediaTek on next AI chip, Information reports

17 Mar 2025

(Reuters) – Alphabet’s Google is preparing to partner with Taiwan’s MediaTek on the next version of its AI chips, Tensor Processing Units, that will be made next year, the Information reported on Monday, citing people involved in the project. However, Google has not cut ties with Broadcom, the chip designer it has worked with exclusively …

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Germany’s Ifo institute cuts 2025 economic growth forecast to 0.2%

17 Mar 2025

BERLIN (Reuters) – Germany’s Ifo institute cut its forecast for economic growth in Europe’s largest economy to 0.2% on Monday, citing subdued consumer sentiment and companies’ reluctance to invest. Some improvement is expected next year when growth is forecast to rise by 0.8%, said Ifo. Ifo had forecast in December that the economy would grow …

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Exclusive-KKR-Warburg Pincus group submit non-binding bid for Gerresheimer, sources say

17 Mar 2025

By Emma-Victoria Farr and Anirban Sen FRANKFURT/NEW YORK (Reuters) -A consortium including KKR and Warburg Pincus has submitted a non-binding bid for Gerresheimer AG, which makes pens used to inject weight loss drugs like Wegovy, two people with knowledge of the matter said. The group has submitted a bid at close to 90 euros a …

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Switzerland’s FINMA declines comment on UBS auditor adverse opinion

17 Mar 2025

ZURICH (Reuters) – Switzerland’s financial market regulator FINMA on Monday declined to comment on the “adverse opinion” expressed by UBS’s auditor on the effectiveness of the bank’s internal control over its financial reporting for 2024. (Reporting by Stefania Spezzati; Writing by Ariane Luthi)

Airbus leads call for Europe to create sovereign infrastructure fund, buy European

17 Mar 2025

By Foo Yun Chee BRUSSELS (Reuters) -Airbus, Dassault Systemes and more than 90 smaller European technology firms and lobby groups have urged European Commission President Ursula von der Leyen to create a sovereign infrastructure fund to ramp up public investments in cutting-edge technologies. The companies and groups said recent U.S. and EU developments and U.S. …

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