Reuters UK Business

By Svea Herbst-Bayliss BOSTON (Reuters) -Investment firm Marathon Partners Equity Management is turning up the heat on Dr Martens by urging the British boot maker to detail planned expense cuts and to buy back stock, people familiar with the matter told Reuters. The increased pressure comes roughly two months after Marathon Partners’ managing member Mario …

Marathon Partners urges Dr Martens to buy back stock, detail expense cuts Read More »

LONDON (Reuters) – An Australian computer scientist who claimed he invented bitcoin lied “extensively and repeatedly” and forged documents “on a grand scale” to support his false claim, a judge at London’s High Court ruled on Monday. Craig Wright had long claimed to have been the author of a 2008 white paper, the foundational text …

Self-proclaimed bitcoin inventor lied ‘repeatedly’ to support claim, says UK judge Read More »

(This May 17 story has been corrected to fix Bill George’s title in paragraph 15) By Allison Lampert and Abhijith Ganapavaram (Reuters) – Boeing’s departing CEO Dave Calhoun was re-elected to stay on the troubled company’s board on Friday, even as the planemaker said it was preparing to meet with the U.S. aviation regulator over …

Boeing shareholders vote to keep departing CEO on planemaker’s board Read More »

MOSCOW (Reuters) – Russia’s government on Monday suspended a ban on gasoline exports until June 30. In a statement published on Telegram, it said the ban would remain in place from July 1 to Aug. 31. “This decision was taken with due account of the domestic market for automobile fuel and to prevent a decline …

Russia suspends ban on gasoline exports until June 30, government says Read More »

MILAN (Reuters) – Italian Foreign Minister Antonio Tajani expressed concern at a meeting on Monday about a Russian court’s decision to seize securities, accounts and property amounting to 5% of bank UniCredit’s assets in the country. The meeting brought together representatives from UniCredit and various Italian ministries, as well as of Italian companies with operations …

Italy’s foreign minister concerned by seizure of UniCredit assets in Russia Read More »

LONDON (Reuters) – Britain’s Financial Conduct Authority will take time and seek to reach a “broad consensus” across industry on its disputed proposals to name companies being investigated earlier, a senior executive at the watchdog said on Monday. “We recognise this is a sensitive and emotive issue, so we will take time to consider the …

UK financial watchdog says to seek ‘broad consensus’ on ‘naming and shaming’ plans Read More »

VENICE (Reuters) – Italian luxury group Prada is not looking at big acquisitions as it is focused on the brands it already owns, its Chief Executive Andrea Guerra said on Monday. Speaking at the FT Luxury Summit in Venice, Guerra added that he expected a positive surprise this year from the U.S. market for the …

Prada not looking at M&A, sees ‘positive surprise’ from US, CEO says Read More »