LONDON (Reuters) – Euro zone business activity has expanded at its fastest pace in a year this month, supported by buoyant demand for services, while the manufacturing sector showed signs of approaching a recovery, a preliminary survey showed on Thursday. HCOB’s preliminary composite Purchasing Managers’ Index (PMI), compiled by S&P Global, climbed to 52.3 this …
Euro zone May business growth at year high, PMI shows Read More »
By Sinead Cruise and Anousha Sakoui LONDON (Reuters) -Britain is poised to scrap a milestone sale of shares in NatWest Group to the general public, three sources familiar with the matter said late on Wednesday, after Prime Minister Rishi Sunak called a July general election. Shares in the lender, which have gained more than 40% …
Britain set to scrap NatWest share sale ahead of July election, sources say Read More »
By Brendan Pierson (Reuters) – A judge in Hawaii on Tuesday ordered Bristol Myers Squibb and Sanofi to pay more than $916 million to the state for failing to warn non-white patients of health risks from its blood thinner Plavix, up from an earlier judgment of $834 million. The ruling from Judge James Ashford, of …
Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million Read More »
By Milana Vinn and Mathieu Rosemain (Reuters) -Schneider Electric said on Wednesday that its talks with U.S. engineering software maker Bentley Systems regarding a potential “strategic transaction” have ended. “Those discussions are now mutually terminated and no transaction was agreed upon,” Schneider said in a statement. Bentley’s shares fell more than 5% on the news, …
Schneider Electric ends deal talks with Bentley Systems Read More »
(Reuters) – Swedish electric vehicle maker Polestar will not be reporting its first-quarter results on May 23, a spokesperson confirmed in an email to Reuters on Wednesday. The company will first need to file its annual report for the year ended December 2023, which it is looking to do “as soon as practicable,” it had …
Swedish EV maker Polestar confirms delay in Q1 earnings report Read More »
BRUSSELS (Reuters) – Apple has challenged at Europe’s second-highest court a 1.84 billion euro ($2 billion) fine imposed by EU antitrust regulators for impeding Spotify and other streaming rivals via restrictions on its App Store, according to a court filing. Apple had already said it would appeal after the European Commission handed down the fine …
Apple challenges $2 billion EU antitrust fine at EU court Read More »
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are seeking feedback on whether the European Energy Exchange (EEX) might expand its market power by bundling products when it buys Nasdaq’s European power trading and clearing business, a person with direct knowledge of the matter said on Wednesday. The European Commission, which is examining …
EEX, Nasdaq deal triggers EU concerns about bundled products, price hikes Read More »
By Mathieu Rosemain PARIS (Reuters) – Cross-border mergers between European banks are structurally unlikely, Societe Generale CEO Slawomir Krupa said on Wednesday, a week after French President Emmanuel Macron called for greater consolidation in the sector. “In Europe today, they are extraordinarily unlikely for a number of reasons, the first of which is regulatory: there …
SocGen CEO: cross-border mergers between European banks are structurally unlikely Read More »
WARSAW (Reuters) -Orlen’s first-quarter net profit slumped 70% to 2.77 billion zlotys ($704.82 million) due to the impact of a windfall tax and a weaker refining performance, Poland’s top oil refiner said on Wednesday, missing expectations. Earnings before interest, tax, depreciation and amortisation (EBITDA) in the quarter fell by 53% year-on-year to 7.73 billion zlotys, …
Orlen Q1 profit falls 70% on windfall tax, weaker refining Read More »
MOSCOW (Reuters) – Belgium’s finance ministry has refused Russian state-owned bank VTB’s request for licences to unblock customer assets held through its brokerage accounts, the bank said on Wednesday. Russia’s second-largest bank, VTB came under sweeping western sanctions as Moscow despatched troops to Ukraine in February 2022, removing it from the SWIFT global payments system …
Belgium refuses VTB’s request to unblock client assets, says Russian bank Read More »
