Reuters UK Business

(Reuters) – Britain’s Dr Martens said its visibility over wholesale orders “remains weak” as the bootmaker posted a drop in third-quarter revenue on Thursday following a disappointing December trading period. The company, known for its clunky boots with yellow stitching, posted revenue of 267.1 million pounds ($340 million) for the three months ended Dec. 31, …

Bootmaker Dr Martens posts 21% drop in revenue after weak December Read More »

(Reuters) – European shares were subdued at open on Thursday on investor caution ahead of a widely expected pause in interest rate hikes from the European Central Bank, while shares of Nokia topped the index on a quarterly profit beat. The pan-European STOXX 600 was down 0.2% by 0828 GMT after jumping more than 1% …

European shares edge lower ahead of ECB rate verdict Read More »

By Angeliki Koutantou and Pablo Mayo Cerqueiro ATHENS (Reuters) -Greece on Thursday will launch an initial public offering (IPO) for a 30% stake in Athens International Airport, a sale which along with a company dividend could yield up to 1.2 billion euros ($1.3 billion) for the state, according to sources. The country is selling 90 …

Greece to launch Athens airport IPO on Jan. 25 Read More »

By Patrick Wingrove (Reuters) -Three people sought medical treatment for dangerously low blood sugar in the U.S. last year after taking suspected fake versions of Novo Nordisk’s diabetes drug Ozempic, America’s Poison Centers told Reuters. One person also experienced hypoglycemia in 2023 after injecting a compounded version of Ozempic, said the organization, which represents 55 …

Exclusive-Suspected fake Ozempic linked to three US cases of hypoglycemia Read More »

By Joanna Plucinska, Valerie Insinna and James Pearson LONDON/WASHINGTON (Reuters) – The aviation industry will press regulators this week for urgent action to help tackle GPS “spoofing” amid a surge in such activity, which can send commercial airliners off-course, due to conflicts in Ukraine and the Middle East. International trade body IATA and European regulator …

Aviation sector seeks urgent solutions for GPS interference Read More »

(Reuters) -Spotify users in Europe can start to buy audiobooks and subscription plans from within the music-streaming app from March as a result of the region’s new competition law for Big Tech, the Swedish company said on Wednesday. The move will help the company avoid Apple’s 30% fee for purchases through its App Store, which …

Spotify to start in-app purchases on iPhone in Europe after DMA takes effect Read More »

By Foo Yun Chee BRUSSELS (Reuters) -British Airways owner IAG’s bid to buy out Air Europa may reduce competition on domestic, short-haul and long-haul routes, EU antitrust regulators said on Wednesday as they opened a full-scale probe into the 400-million-euro ($435.9 million) deal. The deal underlines the wave of consolidation among airlines, with Germany’s Lufthansa …

IAG’s bid to buy out Air Europa may reduce competition, EU says Read More »

FRANKFURT (Reuters) – German pilots’ union VC on Wednesday called on its members to strike for 24 hours at Lufthansa Group’s leisure airline Discover on Friday to push demands related to pay and working conditions in wage negotiations. The announcement comes after VC members voted in favour of strike action on Tuesday. A Discover spokesperson …

Pilots plan one-day strike at Lufthansa’s Discover on Friday Read More »

PARIS (Reuters) – French lender Societe Generale is considering a sale of its digital bank for professional clients from the startup sphere called Shine, newspaper Les Echos reported on Wednesday, citing unnamed sources. A SocGen spokesperson declined to comment when contacted by Reuters. The report said the lender was in the process of approaching potential …

Societe Generale mulls putting digital bank Shine up for sale – Les Echos Read More »