Reuters UK Business

Bilfinger looks to US, Middle East for M&A expansion, CFO tells Boersen-Zeitung

6 Apr 2024

FRANKFURT (Reuters) – German industrial services provider Bilfinger is considering growing through mergers and acquisitions and is looking at the Middle East and United States as potential places to do so, the company’s finance chief told Boersen-Zeitung. “Our fire power is several hundreds of millions of euros,” Matti Jaekel was quoted as saying. “Banks are …

Bilfinger looks to US, Middle East for M&A expansion, CFO tells Boersen-Zeitung Read More »

Departing Boeing CEO gets nearly $33 million in 2023 total compensation

6 Apr 2024

By Allison Lampert, Abhijith Ganapavaram and David Shepardson (Reuters) -The 2023 pay package of Boeing’s CEO, who recently announced his departure in the midst of a safety crisis, rose about 45% to nearly $33 million, the U.S. planemaker said on Friday. Boeing said much of CEO Dave Calhoun’s compensation is in deferred stock that has …

Departing Boeing CEO gets nearly $33 million in 2023 total compensation Read More »

Judge slashes Bayer $1.56 billion Roundup verdict to $611 million

6 Apr 2024

By Nate Raymond and Jonathan Stempel (Reuters) – A Missouri judge slashed a $1.56 billion verdict against Bayer to $611 million for three people who claimed its Roundup weed killer caused their cancer, by reducing punitive damages. Bayer said on Friday it is appealing. The German company’s Monsanto unit had been found liable in November …

Judge slashes Bayer $1.56 billion Roundup verdict to $611 million Read More »

Analysis-Tesla’s bet on robotaxis is a long way from paying off

6 Apr 2024

By Abhirup Roy, Norihiko Shirouzu and Mike Spector (Reuters) – Tesla is making a risky bet if it shifts efforts on its small-car vehicle platform to robotaxis as the successful introduction of vehicles that drive themselves is in the distant future, and the technology faces engineering and regulatory hurdles. Reuters reported on Friday that Tesla …

Analysis-Tesla’s bet on robotaxis is a long way from paying off Read More »

Morgan Stanley nominates ex-UK regulator to its board, boosts executive pay

6 Apr 2024

By Tatiana Bautzer and Mehnaz Yasmin (Reuters) – Morgan Stanley nominated former UK financial regulator Megan Butler to its board of directors, the bank said in a filing on Friday. Butler, 59, previously served as executive director at the UK Prudential Regulation Authority and the Financial Conduct Authority. Shareholders will vote on director nominees at …

Morgan Stanley nominates ex-UK regulator to its board, boosts executive pay Read More »

Apple to let music streaming apps in Europe link to own websites for purchases

6 Apr 2024

By Granth Vanaik (Reuters) – Apple announced measures on Friday to make it easier for music streaming apps on its App Store in the European Economic Area to inform users of other ways to purchase digital services, as it looks to comply with a European Union mandate. The announcement comes weeks after the iPhone maker …

Apple to let music streaming apps in Europe link to own websites for purchases Read More »

Glass Lewis flags UniCredit’s Russia risks, excessive CEO pay rise

5 Apr 2024

MILAN (Reuters) – UniCredit’s ongoing presence in Russia exposes the Italian bank to reputational risks, leading governance adviser Glass Lewis said in a controversy paper published ahead of the lender’s annual general meeting. UniCredit shareholders meet on April 12 to approve full year results and hand Chief Executive Andrea Orcel another three-year mandate. Glass Lewis …

Glass Lewis flags UniCredit’s Russia risks, excessive CEO pay rise Read More »

UK’s Theramex sees no impact to HRT products supply after CMA probe

5 Apr 2024

(Reuters) – Theramex said on Friday it was considering concerns raised by Britain’s competition watchdog’s phase 1 probe over the company’s purchase of European rights to two of U.S. drugmaker Viatris’ women’s healthcare products ranges. The company in a statement to Reuters said the regulator’s decision is a normal step in the merger review process …

UK’s Theramex sees no impact to HRT products supply after CMA probe Read More »

London stocks log weekly declines on geopolitical, rate uncertainty

5 Apr 2024

By Pranav Kashyap and Khushi Singh (Reuters) -The UK’s main stock indexes recorded weekly losses on Friday against a backdrop of escalating Middle East tensions and a more cautious mood among investors following hawkish remarks from Federal Reserve officials. The exporter-heavy FTSE 100 shed 0.8%, while the domestically focused FTSE 250 lost 0.7%. However, both …

London stocks log weekly declines on geopolitical, rate uncertainty Read More »

Close Bitnami banner
Bitnami