Reuters UK Business

(Corrects value of UniCredit’s bid in paragraph 4) MILAN (Reuters) – UniCredit said on Thursday its board has moved up to March 27 a shareholder vote previously scheduled for April 10 to approve issuing new shares to finance a takeover bid for Banco BPM. Italian bank UniCredit in November launched a 10 billion euro all-share …

UniCredit brings forward vote on Banco BPM bid, ups number of shares it can issue Read More »

By Gilles Guillaume and Dominique Patton PARIS(Reuters) -French automaker Renault reported a record operating profit for 2024 on Thursday, slightly beating expectations, as lower costs and a string of new launches boosted margins. The company, one of the few in the sector to have maintained its targets last year, reported operating profit of 4.3 billion …

Renault beats profit forecast, warns on EU emissions rules Read More »

By Clara Denina and Felix Njini LONDON (Reuters) -Anglo American posted a $3.1 billion loss on Thursday after a writedown of its De Beers diamond business, as it presses on with shedding unwanted assets. Anglo aims to focus on copper and iron ore assets after BHP’s failed takeover attempt last year. That means spinning off …

Anglo writes down De Beers, pressing on with business overhaul Read More »

By Allison Lampert, Abhijith Ganapavaram and David Shepardson (Reuters) – Boeing CEO Kelly Ortberg on Thursday said Elon Musk, the head of its space business rival SpaceX, is “helping us a lot” in navigating through delays in delivering Boeing’s Air Force One presidential jet. Ortberg also told an investor conference that he expects top U.S. …

Boeing CEO says Musk ‘helping in a big way’ on timing of Air Force One planes Read More »

By Gianluca Lo Nostro (Reuters) – The CEO of Airbus said on Thursday he would be happy if space merger talks with Thales and Leonardo led to a venture like the MBDA European missile project and hopes EU antitrust regulators will take a looser stance than in the past. “We are looking at different scenarios… …

Airbus CEO hints at MBDA-like venture for European space merger Read More »

MILAN (Reuters) – Italian luxury group Prada has been given access, ahead of any other potential suitors, to the financial data of smaller rival Versace which owner Capri Holdings has put up for sale, a source close to the matter said on Thursday. Prada has four weeks to conduct its assessment, the source said, as …

Prada gets exclusive four week access to Versace financial data, source says Read More »

KARLSRUHE, Germany (Reuters) – Birkenstock sandals, which have evolved from a symbol of counterculture to a trendy fashion item, do not qualify as art and are therefore not protected by copyright, Germany’s highest civil court ruled on Thursday. The Federal Court of Justice dismissed a lawsuit brought by the German company, which had sought to …

Birkenstock sandals are pieces of design, not art, court finds Read More »