Reuters UK Business

By Florence Loeve and Sudip Kar-Gupta PARIS (Reuters) -Investigators searched the offices of U.S. streaming giant Netflix in France and the Netherlands on Tuesday as part of a preliminary investigation into tax fraud laundering, a French judicial source said. The French investigation, carried out by the Parquet National Financier (PNF) – a special financial crime …

Netflix under tax fraud investigation as offices in France and Netherlands raided Read More »

By Helen Reid and Mimosa Spencer LONDON/PARIS (Reuters) – Burberry’s new CEO Joshua Schulman faces an uphill task to turn around the British luxury brand whose sales have declined sharply while its share price has dropped 40% this year, stoking speculation it could be a takeover target. The luxury sector as a whole has been …

Burberry’s new CEO faces outlet store and pricing dilemmas Read More »

By Jesús Aguado MADRID (Reuters) -Damages to businesses in towns hit by floods in eastern Spain could rise to over 10 billion euros, with banks loan exposure to the area worth alone around 20 billion euros ($21.82 billion), representatives for local firms and a Bank of Spain official said on Tuesday. On Tuesday, the government …

Economic impact of floods in Spain could rise to over 10 billion euros Read More »

(Reuters) – German air-taxi maker Lilium, which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG to explore merger and acquisition options. The move to explore options comes after a court granted Lilium’s application for self administration, the company said. (Reporting by Abhijith Ganapavaram …

German air-taxi maker Lilium hires KPMG to explore M&A options Read More »

By Sarah Young and Kate Holton LONDON (Reuters) – The $19 billion merger between Vodafone and Hutchison’s Three UK is likely to be given the regulatory green light as Britain’s need for investment outweighs short-term competition concerns. Britain’s anti-trust regulator said on Tuesday it believed the combination of the country’s third and fourth biggest mobile …

UK regulator says $19 billion Vodafone-Three tie-up likely to go ahead Read More »

By Douglas Gillison (Reuters) – Over the past decade, Wells Fargo has tripled donations to groups focused on influencing state elections as the retail banking giant tries to sway local level policymaking, according to public data and a bank spokesperson. While the billions of dollars Wall Street and tech moguls have poured into Tuesday’s federal …

Wells Fargo has tripled political spending with state groups over past decade Read More »