Reuters UK Business

MILAN (Reuters) -Campari plans to focus on fewer brands and broaden its geographic reach as the spirits industry faces “unprecedented” pressure from inflation and shifting consumer behaviour, the Italian spirits group said in slides published on Thursday.  In its first-ever ‘Strategy Day’ — an event ending on Friday — Campari outlined its vision for the …

Campari to streamline brands, expand geographically amid industry pressures Read More »

MILAN (Reuters) -Italy’s Nexi has received an offer from U.S. private equity fund TPG for several assets in its digital banking solutions business, the payments group said on Friday. The board will look at the offer, Nexi said in a statement, reacting to a report by Bloomberg about the TPG approach. Shares in Milan-listed Nexi …

Italy’s Nexi says it received TPG offer for digital banking assets Read More »

By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) -Shares in Novo Nordisk and Eli Lilly slipped on Friday after both agreed with the U.S government to lower prices of their blockbuster GLP-1 weight-loss drugs. The deal announced on Thursday, covering Novo’s Wegovy and Lilly’s Zepbound, will reduce monthly prices for U.S. government programmes, including Medicare …

Novo Nordisk, Lilly shares slip on US drug pricing deal Read More »

(Reuters) -Swiss state railways SBB will purchase 116 commuter trains from Siemens, awarding the German engineering group a contract worth 2 billion francs ($2.5 billion), it said on Friday. The contract includes options for 84 additional trains, SBB added. The new trains are scheduled to enter service in the 2030s in the Zurich metropolitan area …

Siemens wins Swiss train order worth $2.5 billion Read More »

By Amir Orusov and Simon Ferdinand Eibach (Reuters) -Daimler Truck posted a bigger-than-expected 40% drop in third-quarter operating profit on Friday and said full-year profit is expected towards the lower end of its forecast range, as the North American market was muted despite some recovery. CFO Eva Scherer said in a conference call that adjusted …

Daimler Truck posts 40% drop in quarterly profit, narrows full-year guidance Read More »

BERLIN (Reuters) -Germany still aims to take a decision on the future of the Franco-German fighter jet FCAS, or SCAF, by the end of the year, its defence minister said on Friday, with his French counterpart saying there was urgency to move forward on the project. The project, which aims to develop next-generation fighter jets …

Germany sticks to year-end deadline for FCAS warplane decision Read More »

By Paul Sandle LONDON (Reuters) -Britain’s ITV is in preliminary talks to sell its television business to Comcast-owned Sky for 1.6 billion pounds ($2.15 billion) as both look to compete with Netflix, Amazon and Disney. A combination of Britain’s biggest public service commercial channel and its leading pay-TV business would account for more than 70% …

Britain’s ITV in talks with Comcast’s Sky on $2.15 billion TV sale Read More »