ZURICH (Reuters) – Novartis has not decided what to do with its Sandoz generics unit after announcing a strategic review of the business last year, its chief executive said on Monday. “No decision has been taken on Sandoz, we continue to evaluate the options,” Vas Narasimhan said at the J.P. Morgan Healthcare conference. He also …
Novartis CEO says no decision has been taken on Sandoz Read More »
LONDON (Reuters) -Britain’s financial watchdog said it was close to a decision on whether to take enforcement action regarding the suspension of a fund run by veteran stock picker Neil Woodford, which left investors out of pocket. The 3 billion pound ($4.07 billion) LF Woodford Equity Income Fund was suspended in June 2019 after it …
UK financial watchdog near a decision on Woodford fund probe Read More »
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) – Marked by devastating hurricanes and cold snaps in the United States, 2021 proved the second-most costly year on record for the world’s insurers, Munich Re said on Monday, warning that extreme weather was more likely with climate change. Insured losses from natural catastrophes totalled around $120 …
Natural disasters cost insurers $120 billion in 2021, Munich Re says Read More »
FRANKFURT (Reuters) – Thyssenkrupp’s hydrogen unit Uhde Chlorine Engineers (tkUCE), which the German conglomerate plans to list in spring, has signed a deal to deliver a 200-megawatt electrolyser to oil major Shell, it said on Monday. The agreement is part of Shell’s Hydrogen Holland I project, a planned green hydrogen production site in the port …
Thyssenkrupp IPO candidate UCE to build 200 MW electrolyser for Shell Read More »
LONDON (Reuters) -Shoppers across Britain fell 6% in the week to Jan. 8 versus the previous week as working from home directives to stem the spread of the Omicron variant of coronavirus continued to dent footfall in large city centres, researcher Springboard said on Monday. It said footfall last week was 21.8% lower than the …
UK shopper numbers down 6% last week as city centres avoided Read More »
BERLIN (Reuters) – Ford has appointed Audi’s Europe sales chief Martin Sander into a new role heading up its German operations as well as running passenger vehicles for Europe, the company said on Monday. The new position will combine the role of chair of Ford-Werke GmbH in Germany and General Manager of passenger vehicles for …
Ford hires Audi’s Sander to lead Ford Germany, passenger vehicles Europe Read More »
LONDON (Reuters) – Britain’s Virgin Media O2 said on Monday it would not reintroduce roaming charges in Europe, unlike its three major rivals which are bringing back the fees following Brexit, winning praise from the prime minister. Roaming charges were abolished in the European Union in 2017, but the benefit was not protected in the …
UK’s Virgin Media O2 customers will not face roaming charges Read More »
MOSCOW (Reuters) – Investment firm Kismet Capital Group on Monday said it had acquired 100% of Russian Towers, a deal which would give its joint venture with telecoms company Megafon the largest tower asset portfolio in Russia. Kismet, which financed the deal with its own funds and a loan from Russian top lender Sberbank, said …
Kismet Capital Group expands tower asset portfolio with Russian Towers buy Read More »
ZURICH (Reuters) – Sight deposits held by the Swiss National Bank increased last week, data showed on Monday, in a possible sign the central bank has resumed its foreign currency purchases to restrain the rising Swiss franc. Economists urged caution interpreting the data, saying the return of cash to bank accounts after pre-Christmas withdrawals by …
Swiss National Bank sight deposits see first big rise in a month Read More »
LONDON (Reuters) – Banks in the European Union became more profitable in the third quarter of 2021, with government support during the pandemic helping to push down the number of loans that turn sour, the EU’s banking watchdog said on Monday. “Asset quality has further improved, but there are concerns for loans that have benefited …
EU banking profitability above pre-COVID levels, says watchdog Read More »
