Reuters UK Business

By Jody Godoy and Maggie Fick NEW YORK (Reuters) -U.S. consumer groups and two large labor unions urged the U.S. Federal Trade Commission on Thursday to block Novo Holdings, the controlling shareholder of Novo Nordisk, from acquiring contract drug manufacturer Catalent, saying the deal threatens competition in weight loss drugs and cutting-edge gene therapies. U.S. …

Consumer groups ask FTC to block Novo Holdings-Catalent deal Read More »

By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -Europe’s STOXX 600 ended higher on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while the European Central Bank’s rate cut and a flurry of corporate earnings helped the index deliver a second straight week of gains. The …

Europe’s STOXX 600 ends week higher as tech stocks rebound Read More »

By Pranav Kashyap and Nikhil Sharma (Reuters) -The UK’s FTSE 100 ended lower on Friday, weighed down by British American Tobacco following its settlement to end a tobacco lawsuit in Canada, but the blue-chip index logged weekly gains in anticipation of a UK rate cut next month. The FTSE 100 was down 0.3% after closing …

FTSE 100 dips but logs weekly gain on rate cut bets Read More »

LONDON (Reuters) -British finance minister Rachel Reeves is expected to prolong a freeze on income tax thresholds beyond 2028 in the government’s upcoming budget, in a move that could raise 7 billion pounds ($9.1 billion) a year, the Financial Times reported on Friday. Prime Minister Keir Starmer promised voters before last July’s election that he …

UK’s Reeves set to prolong freeze on income tax thresholds, FT reports Read More »

By Allison Lampert and Mike Stone (Reuters) -Spirit AeroSystems told employees on Friday that it will furlough 700 workers for 21 days as an over one-month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space. The furloughs, first reported by Reuters, will affect Spirit Aero employees working on Boeing’s 767 and …

Spirit Aero to furlough 700 workers for 21 days due to Boeing strike Read More »

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – Some European Central Bank governors at Thursday’s rate-setting meeting made the case for dropping a pledge to keep policy tight as inflation may now turn out lower than anticipated only a few weeks ago, five sources told Reuters. Their idea did not gain traction but it …

Exclusive-Some ECB governors wanted to drop pledge to keep policy tight, sources say Read More »

PARIS (Reuters) -French luxury goods group LVMH said it was “surprised by inaccurate rumors” about its Moet Hennessy division relayed on Friday by French investigative media La Lettre, which reported its longtime wine and spirits division head was being replaced by an executive in the business. La Lettre said the group would name Laurent Boillot, …

LVMH surprised by ‘inaccurate rumours’ about replacement of Moet Hennessy division head Read More »

BERLIN (Reuters) – Commerzbank is considering its own acquisitions, for example in the area of asset management, its CEO Bettina Orlopp told German business news outlet WirtschaftsWoche in an interview published on Friday. “With further acquisitions, we are focusing on offering our customers new services,” said Orlopp. Italy’s UniCredit is pressing for a possible tie-up …

Commerzbank considering its own acquisitions, CEO tells paper Read More »

By Saqib Iqbal Ahmed and Suzanne McGee NEW YORK (Reuters) -Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day. Assets ranging from small-cap stocks to bitcoin have climbed in recent weeks while the …

Analysis-From bitcoin to Mexican peso, ‘Trump trades’ are appearing again Read More »