Reuters UK Business

By Paolo Laudani and Canan Sevgili (Reuters) -Switzerland’s Barry Callebaut said on Tuesday it would partner with Chilean start-up NotCo AI to utilise artificial intelligence in recipe development, as it battles high cocoa prices and weakening demand for its cocoa products. WHY IT’S IMPORTANT Chocolate makers are looking for new ways to cut costs, including tweaking …

Barry Callebaut to use NotCo AI to develop chocolate recipes Read More »

AMSTERDAM (Reuters) -Irish low-cost carrier Ryanair has lost two of its landing slots at Eindhoven Airport after the flights repeatedly arrived late, Dutch newspaper Eindhovens Dagblad reported on Tuesday. Airport Coordination Netherlands (ACNL), the body that assigns airport slots, found Ryanair had been consistently late on Monday evening flights from Sofia, Bulgaria, and Thursday evening …

Ryanair loses some landing rights at Dutch airport due to late flights, media report says Read More »

(Reuters) -ING Bank Slaski said on Tuesday that it had agreed to acquire the remaining 55% stake in Polish asset management company Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million zlotys ($108 million). The lender, the Polish unit of Dutch bank ING Groep, already holds a 45% stake in Goldman …

Poland’s ING Bank Slaski agrees to acquire remaining 55% stake in Goldman Sachs TFI Read More »

By Mathieu Rosemain PARIS (Reuters) -Credit Agricole on Tuesday set out a new net profit target of more than 8.5 billion euros ($9.0 billion) by 2028, beating analyst expectations as investors track the French bank’s interest in Italian lender Banco BPM. The target compared with an average analyst forecast of 8.2 billion euros compiled by …

Credit Agricole sets 2028 profit target above expectations, eyes more deals Read More »

By Mathieu Rosemain PARIS (Reuters) -Amundi is buying a 9.9% stake in London‑listed Intermediate Capital Group to expand in private markets under its new three‑year strategic plan, Europe’s largest asset manager said on Tuesday. The purchase price was not disclosed but based on ICG’s market capitalisation of about 5.5 billion pounds ($7.24 billion) on Monday, …

Amundi to buy 10% of Britain’s ICG in private markets push Read More »

By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s longest-running TV quiz show, offering big cash prizes, is called “The Inheritance” – a choice of title that may reflect how many Italians see a legacy as the ideal route to money, and explain why Rome taxes such gifts so lightly. Yet raising Italy’s inheritance tax levels closer to those of most of its peers …

Analysis-Italy’s light touch on inheritance tax comes at a cost, economists say Read More »

A look at the day ahead in European and global markets from Rae Wee It was another sea of red in Asia markets on Tuesday, with the sombre mood set to extend into Europe, as investors braced for earnings from artificial intelligence darling Nvidia and a long-awaited U.S. jobs report later this week. Market sentiment …

Morning Bid: Fear and caution grip markets Read More »

By Phoebe Seers and Tommy Reggiori Wilkes LONDON (Reuters) -The Bank of England is preparing to ease parts of Britain’s bank ring-fencing regime while opposing a major reform sought by lenders, sources said, as the central bank seeks to ensure core protections are preserved amid a government review. Lenders must separate their retail businesses from …

Bank of England to resist big changes to ring-fencing regime, sources say Read More »

By Dominique Patton PARIS (Reuters) -A French court will rule on Tuesday on whether Perrier must withdraw its bottled water from shelves, after consumer group UFC-Que Choisir sought an emergency intervention over what it alleges is deceptive marketing of the brand as “natural” mineral water. The move is the latest development in an ongoing scandal …

Is Perrier ‘natural’ mineral water? French court to decide Read More »

By Saeed Azhar and Gnaneshwar Rajan (Reuters) -UBS informed investors the co-heads of O’Connor’s capital solutions strategy unit, Rodrigo Trelles and Baxter Wasson, had opted not to accept jobs at brokerage Cantor Fitzgerald, a source familiar with the matter told Reuters on Monday. UBS O’Connor’s Gregory Najarian became portfolio manager with immediate effect, the source …

UBS O’Connor’s capital solutions strategy co-heads did not accept jobs at Cantor, source says Read More »