(In paragraphs 4 and 5, corrects to say that plans for a change of Coty’s CEO was reported by the Financial Times and not announced by the company.) By Paolo Laudani and Helen Reid Dec 17 (Reuters) – Consumer goods firms are changing CEOs as fast as sports teams change coaches as boards lose patience …
Consumer goods firms cut CEO tenures short in push for growth Read More »
Dec 17 (Reuters) – Britain’s competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the companies. The Competition and Markets Authority, which launched its probe into the deal in September, said it had accepted undertakings from the companies to address …
Britain clears Greencore, Bakkavor’s $1.6-billion food group merger Read More »
Dec 17 (Reuters) – British outsourcing firm Serco on Wednesday forecast profit ahead of analyst expectations for this year and next, boosted by a strong order book of defence contracts in the UK and North America. The company, which delivers defence, security, immigration, health and transport services to governments, has benefited from a surge in …
Serco sees profit ahead of market view through 2026; CFO to retire next year Read More »
SALZGITTER, Dec 17 (Reuters) – Volkswagen’s PowerCo is looking more closely at external financing options as its stricken German parent reins in investment, the CEO of the battery business said. Volkswagen reported a 1.3 billion euro ($1.5 billion) loss in the third quarter and its CEO Oliver Blume recently announced a tighter investment budget as …
Volkswagen battery business PowerCo looking more intensively at external funding Read More »
By Phoebe Seers and Kirstin Ridley LONDON, Dec 17 (Reuters) – A race among banks to adopt agentic AI, which can make decisions and take autonomous action, runs new risks for retail customers, said Britain’s financial watchdog, which is pledging to ensure their interests are not sidelined. AI ‘agents’ could revolutionise how people budget, save and …
Agentic AI race by British banks raises new risks for regulator Read More »
(Adds new blog entry) Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at UK INFLATION FINAL HURDLE BEFORE BOE VERDICT All eyes in the European session will be on British inflation figures due early on Wednesday, just a day ahead of …
GDANSK, Poland, Dec 17 (Reuters) – European discount retailer Pepco Group on Wednesday guided for underlying core profit growth of at least 9% and 250 store openings in the 2026 financial year, signalling confidence in its strategy after the sale of Poundland in Britain. For the year that ended on September 30, the Warsaw-listed group reported a …
Polish discounter Pepco targets 9% core profit growth in 2026 financial year Read More »
A look at the day ahead in European and global markets from Rae Wee All eyes in the European session will be on British inflation figures due early on Wednesday, just a day ahead of the Bank of England’s rate outcome which is likely to come down to a knife-edge vote. Expectations are for the …
Morning Bid: UK inflation final hurdle before BoE verdict Read More »
Dec 17 (Reuters) – Some shareholders of British mobile bank Monzo are pushing to bring back the company’s former CEO TS Anil and oust its chairperson Gary Hoffman, Financial Times reported on Wednesday. Venture capital firms such as Accel and Iconiq have joined forces and hired lawyers as they push for greater shareholder representation on …
Monzo shareholders push to oust chair over CEO’s exit, FT reports Read More »
Dec 17 (Reuters) – Construction is progressing on a planned Far Eastern route to supply Russian natural gas to China, Beijing’s ambassador to Moscow, Zhang Hanhui, told Russia’s RIA news agency in remarks published on Wednesday. The Far Eastern route is designed to send gas from Russia’s Pacific coast to China via a new branch …
