By Foo Yun Chee BRUSSELS (Reuters) -U.S. gene sequencing company Illumina on Tuesday won its court fight against the European Union’s investigation of its $7.1 billion purchase of cancer diagnostic test maker Grail, a ruling set to curb Brussels’ merger powers. Illumina, which founded Grail and spun it off in 2016 only to re-acquire it …
Illumina wins Grail battle in blow to EU merger power Read More »
(Reuters) – British equipment rental company Ashtead Group kept its annual profit forecast on Tuesday after reporting a drop in quarterly earnings, reassuring investors as it also named a new finance chief to replace Michael Pratt, who is retiring next year. The company, which serves construction, emergency response and entertainment markets in Britain, Canada and …
Ashtead says profits on track as picks new finance chief Read More »
MADRID (Reuters) -Spain’s largest mobile operator MasOrange, which is partly owned by France’s Orange, plans to cut up to 795 jobs, or around 10% of the workforce, union UGT and the company said on Tuesday. The company which resulted of a merger between Orange’s local unit and Spanish rival MasMovil earlier this year and has …
Spain’s MasOrange plans to cut up to 795 jobs, 10% of workforce Read More »
By Joan Faus and Corina Pons BARCELONA/SANTA CRUZ DE TENERIFE, Spain (Reuters) – Spanish authorities are encouraging the expansion of luxury hotels as they crack down on a surge in holiday rentals that has triggered anti-tourism protests in places like Barcelona or the Canary Islands. The hotel sector has faced local restrictions on expanding but …
Spain’s crackdown on holiday rentals bodes well for luxury hotels Read More »
PARIS (Reuters) – France is at risk of running a substantially bigger budget deficit than planned this year if extra savings are not found due to a shortfall in tax revenue, French media reported on Monday. The finance ministry sent lawmakers an update on Monday on the budget situation that they had been demanding for …
French finance ministry warns deficit at risk on tax shortfall-media Read More »
BERLIN (Reuters) -German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect more than 140,000 autos worldwide, a company spokesperson told Reuters on Monday. Around 39,000 vehicles could be affected in Germany, the company said in a statement on Monday, adding that there are no …
BMW worldwide recalling Mini Cooper SE electric models, company says Read More »
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Volkswagen is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe’s top carmaker faces from Asian rivals. Monday’s move marks the first major clash between Chief Executive Oliver Blume, who analysts have described as more of a …
Volkswagen considers historic German plant closures in cost drive Read More »
By Shubham Batra and Lisa Pauline Mattackal (Reuters) -European shares were little changed on Monday, as investors analysed economic data for clues on the European Central bank’s policy trajectory, while Germany’s DAX index hit a record close, even as populist wins in state elections injected uncertainty. The pan-European STOXX 600 index was little changed at …
By Rishav Chatterjee and Aaditya GovindRao (Reuters) -REA Group, the property listings company majority owned by News Corp, is considering buying Rightmove to create a global real estate company, the Australian firm said on Monday, sending the British housing portal’s shares soaring. Shares in London-listed Rightmove surged as much as 27.6% to 7.09 pounds, giving …
UK housing portal Rightmove surges as Murdoch’s REA considers bid Read More »
By Riham Alkousaa and Christoph Steitz BERLIN/FRANKFURT (Reuters) -The German government extended its trusteeship over the local units of Russia’s Rosneft until March 10 next year in anticipation of a sale of the assets to Qatar, the economy ministry said on Monday. The official announcement confirms an earlier Reuters report that such a decision had …
Germany extends trusteeship over Rosneft assets, economy ministry Read More »
