Reuters UK Business

By Emma Farge BELLINZONA, Switzerland (Reuters) -A Swiss judge questioned a Trafigura board member on Thursday over the trading firm’s dealings with a consultant referred to in the firm’s corruption indictment as “Mr. Non-Compliant” who was allegedly part of a chain of intermediaries used to bribe an Angolan official. Swiss prosecutors say that Trafigura and …

Trafigura director quizzed on ‘Mr. Non-Compliant’ in Swiss corruption case Read More »

MADRID (Reuters) – Spain’s stock market supervisor CNMV will wait for the outcome of the competition watchdog’s review of BBVA’s hostile bid for Sabadell before deciding on the potential authorisation of the takeover prospectus, CNMV chief Rodrigo Buenaventura told reporters on Thursday. In November, the antitrust watchdog said that BBVA’s all-share offer for Sabadell, valued …

Spain’s CNMV will wait for antitrust review to decide on BBVA-Sabadell deal Read More »

By Paul Sandle LONDON (Reuters) – Britain’s decision to allow two of its four mobile networks to merge is the first big sign that regulators have taken on board the government’s wish for them to prioritise economic growth and infrastructure investment over lower consumer prices. The Competition and Markets Authority (CMA) antitrust regulator cleared the …

Analysis-Vodafone-Three merger approval marks UK antitrust shift Read More »

By Paul Sandle LONDON (Reuters) -Britain on Thursday approved Vodafone’s $19 billion merger with Hutchison’s Three UK to create the country’s biggest mobile operator after their investment promises outweighed concerns about higher customer bills. The Competition and Markets Authority (CMA) said the combined group’s network investment plan would drive competition in the long term, dropping …

Britain approves $19 billion Vodafone-Three mobile merger Read More »

By Abigail Summerville NEW YORK (Reuters) – Conagra Brands, the maker of Slim Jim beef jerky and Healthy Choice frozen meals, is looking to sell its popular canned pasta brand Chef Boyardee, according to people familiar with the matter. The Chicago, Illinois-based packaged food company tapped investment bank Centerview Partners to gauge interest in the …

Exclusive-Slim Jim maker Conagra exploring sale of Chef Boyardee, sources say Read More »

By Gilles Guillaume PARIS (Reuters) – Opel will continue its role as the electric vehicle pioneer for Stellantis despite the sudden departure of CEO Carlos Tavares, the German brand’s CEO told Reuters on Thursday. WHY IT’S IMPORTANT Stellantis, the world’s fourth-largest automaker, has been plunged into uncertainty this week with the abrupt resignation of Tavares …

Opel confident on electric strategy amid Stellantis leadership turmoil Read More »

(Reuters) -Volkswagen workers will go on extended strikes on Monday, stepping up a bitter dispute with management over layoffs and what would be the first factory closures on German soil for Europe’s largest carmaker, a union statement said on Thursday. The IG Metall union said workers would down tools for four hours at nine different …

VW workers step up strikes to fight German plant closures Read More »