Reuters UK Business Archives - Page 194 of 3179

Nexi says it no longer has commitment to buy Sabadell unit, but is open to new deal

5 Nov 2025 5 Nov 2025

MADRID (Reuters) -Italian payments group Nexi no longer has any commitment or obligation to buy Sabadell’s retailers’ payments unit, but is open to discussing a possible future deal on different terms, its CEO said on Wednesday. Sabadell had postponed the completion of the sale after becoming the target of a hostile takeover by BBVA, which …

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Deutsche Bank chairman Wynaendts nominated for another term

5 Nov 2025 5 Nov 2025

FRANKFURT (Reuters) -Deutsche Bank’s supervisory board nominated its Chairman Alexander Wynaendts for another term, the German bank said on Wednesday. Wynaendts, who has overseen the board since 2022, will stand for re-election at Deutsche Bank’s annual general meeting in 2026, the bank said. (Reporting by Tom Sims; Editing by Sharon Singleton)

Spain’s lottery sellers urge bigger Christmas jackpot to match inflation

5 Nov 2025 5 Nov 2025

(Reuters) -Spain’s lottery sellers have urged the government to raise the price of tickets for the country’s traditional Christmas draw and boost the top prize known as the “Fat One” to keep up with inflation, the head of their main association said on Wednesday. Spain is grappling with a cost-of-living squeeze that has pushed up …

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EU, China created special channel to ensure rare earth supplies, commissioner says

5 Nov 2025 5 Nov 2025

(Reuters) -The European Union has established a “special channel” of communication with Chinese authorities to secure the flow of rare earth materials vital for EU industries, EU Trade Commissioner Maros Sefcovic said on Wednesday. The move follows China’s export controls on rare earths, which raised concerns in Europe after their introduction earlier this year about …

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BMW boosts profit margin for cars as EV spending passes peak

5 Nov 2025 5 Nov 2025

By Rachel More and Christina Amann BERLIN (Reuters) -German automaker BMW’s core profit margin rose in the third quarter as it passed the peak in research and development spending on a new all-electric range that it hopes will boost growth amid stiff competition in China. The results were a bright spot in another difficult quarter …

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Orsted says it has no plans to merge with Equinor’s renewables unit

5 Nov 2025 5 Nov 2025

By Nerijus Adomaitis OSLO (Reuters) -Danish offshore wind giant Orsted said on Wednesday that it had no plans to take over the renewables business of Equinor, its second biggest shareholder, which has proposed closer ties between the companies. Norwegian oil, gas and renewables group Equinor, which took a 10% stake in Orsted last year and …

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Zimmer cuts 2025 organic sales growth forecast on weakness in international markets

5 Nov 2025 5 Nov 2025

By Sahil Pandey (Reuters) -Zimmer Biomet Holdings cut its 2025 organic revenue growth forecast following weakness in Latin America and emerging markets in Europe, sending shares 15% lower on Wednesday. The medical device maker kept its overall revenue growth forecast stable, aided by foreign currency fluctuations. But it lowered the upper end of its organic …

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Novo Nordisk strikes US Medicare price deal

5 Nov 2025 5 Nov 2025

By Maggie Fick and Bhanvi Satija LONDON (Reuters) -Novo Nordisk said on Wednesday it had agreed a price under the U.S. Medicare scheme for semaglutide, the active ingredient in its key drugs Ozempic and Wegovy, in a deal that some analysts said sounded less onerous than feared. The U.S. Inflation Reduction Act requires pharmaceutical companies …

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Mayhoola’s Balmain parts ways with designer Olivier Rousteing

5 Nov 2025 5 Nov 2025

PARIS (Reuters) -French fashion house Balmain on Wednesday announced the end of its collaboration with designer Olivier Rousteing after over a decade, the latest change in an industry-wide designer reshuffle. Frenchman Rousteing, who was appointed to lead Balmain at age 25 in 2011, was known for spectacular fashion shows with global celebrities like singer Cher. …

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EU lawmakers challenge EU budget plan over farming, regional aid

5 Nov 2025 5 Nov 2025

BRUSSELS (Reuters) -The European Parliament wants the European Commission to amend its proposal for the EU 2028-2034 budget to restore separate financing streams for farmers and for regional aid, a senior EU parliament official said on Wednesday. Siegfried Muresan, who is one of the parliament’s two budget negotiators, told reporters that unless the Commission amended …

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