Reuters UK Business

By Nate Raymond BOSTON (Reuters) -A former executive at French drugmaker Ipsen was sentenced on Thursday to two months in a U.S. prison for illegally trading on inside information he learned about his company’s plans to acquire cancer drug developer Epizyme in 2022. Dishant Gupta, Ipsen’s former director of data strategy and operations, was sentenced …

Former exec at drugmaker Ipsen sentenced to prison for insider trading Read More »

(Reuters) -Northvolt’s co-founder Paolo Cerruti will step down from his role as chief executive officer of its North American division, the Swedish electric-vehicle battery maker said on Thursday. Karen Chang — who has played a key role in the Quebec, Canada-based battery gigafactory, Six project — will serve as interim CEO in the transition period. …

Northvolt’s co-founder, CEO of North American division, Cerruti steps down Read More »

By Foo Yun Chee BRUSSELS (Reuters) – France’s privacy watchdog said on Thursday it will question DeepSeek to gain a better idea of how the Chinese startup’s AI system works and any possible privacy risks for users. DeepSeek attracted global attention after writing in a paper last month that the training of DeepSeek-V3 required less …

French privacy watchdog to quiz DeepSeek on AI, data protection Read More »

MILAN (Reuters) – Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4% at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year. Sales in the North American region, which accounted for 30.5% of total …

Ferragamo’s sales down 4% in fourth quarter, sees “encouraging results” Read More »

By Amy-Jo Crowley, Hadeel Al Sayegh and Paul Sandle LONDON/DUBAI (Reuters) – British broadcaster ITV has been holding early-stage talks with Abu Dhabi-backed group RedBird IMI about a possible merger of their respective production businesses, two people with knowledge of the situation said. The discussions have centered around merging ITV’s Studios business with All3Media, the …

Exclusive-ITV, RedBird IMI in early-stage talks to merge production businesses, sources say Read More »

MADRID (Reuters) -Puig, the Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, reported a 14.3% rise in fourth-quarter sales on Thursday, beating analyst expectations for the key holiday period. With 73% of its annual revenues from fragrance sales, the Spanish group relies heavily on the holiday season. Analysts estimate that nearly …

Perfume group Puig posts 14% rise in holiday sales Read More »

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank cut interest rates on Thursday and policymakers guided for a further reduction in March as concerns over lacklustre economic growth supersede worries about persistent inflation. It was the fifth ECB rate cut since June and markets expect two or three more this year, …

ECB cuts rates and governors expect more amid weak growth Read More »