Reuters UK Business Archives - Page 2211 of 3179

Darktrace non-exec director rejected by investors over Lynch connection

7 Dec 2023 7 Dec 2023

By Paul Sandle LONDON (Reuters) -Shareholders in British cyber security firm Darktrace on Thursday voted against the election of non-executive director Patrick Jacob over concerns about his connection to Mike Lynch, the entrepreneur extradited to the United States to face fraud charges. Lynch’s Invoke Capital was a founding investor in Darktrace, giving it the right …

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Firm offer for Casino stores due by Dec. 20 -unions

7 Dec 2023 7 Dec 2023

PARIS (Reuters) – Offers for Casino’s supermarkets and hypermarkets will have to be transformed into firm bids before Dec. 20, Casino unions said on Thursday following a meeting with the consortium that plans to take over the ailing French retailer. “Management and the consortium have confirmed they have received expressions of interest from several players …

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Lebanon buys about 30,000 metric tons wheat from Ukraine- traders

7 Dec 2023 7 Dec 2023

HAMBURG (Reuters) – The Lebanese government is believed to have purchased about 30,000 metric tons of milling wheat in a tender this week expected to be sourced from Ukraine, European traders said on Thursday. The purchase of 11.5% protein content wheat was said to have been made at about $253 a tonne c&f for spot …

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Banijay pulls out of race for All3Media -sources

7 Dec 2023 7 Dec 2023

By Amy-Jo Crowley and Paul Sandle LONDON (Reuters) – Banijay, the French TV production group owned by FL Entertainment, has pulled out of talks to buy British rival All3Media, said three people with knowledge of the matter. All3Media’s joint owners, Liberty Global and Warner Bros Discovery, are instead pursuing a deal with another buyer with …

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Italy toughens rules on video-sharing platforms to protect minors

7 Dec 2023 7 Dec 2023

MILAN (Reuters) – Italy’s communication watchdog AGCOM has approved new rules enabling it to order online video-sharing platforms to remove “harmful content” to protect minors and consumers in the country, it said on Thursday. The new rules will take effect from Jan. 8, 2024 and potentially affect services such as Google’s YouTube, TikTok and Meta’s …

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Swedish court rules against Tesla in labour dispute; Finnish union joins strike

7 Dec 2023 7 Dec 2023

STOCKHOLM (Reuters) -Tesla lost a chapter in a legal battle with Sweden’s postal service on Thursday as a fight with Nordic trade unions escalates, with a Finnish union joining a port blockade that will prevent the carmaker from importing its vehicles to Sweden. A Swedish court ruled PostNord does not for the time being need …

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FTSE 100 steady as investors wait for US payrolls data

7 Dec 2023 7 Dec 2023

By Shashwat Chauhan and Sruthi Shankar (Reuters) -The UK’s FTSE 100 was little changed on Thursday with investors on the sidelines ahead of U.S. payrolls data which could drive Federal Reserve rate cut expectations, while shares of Games Workshop and media firm Future pulled down the midcap index. The blue-chip FTSE 100 was also steady …

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European shares slip after recent rally, economic worries weigh

7 Dec 2023 7 Dec 2023

By Khushi Singh, Ankika Biswas and Bansari Mayur Kamdar (Reuters) -European shares paused on Thursday afters recent strong gains, while data in Germany added to worries that the industrial sector will continue to drag on euro zone’s largest economy. The pan-European STOXX 600 slipped 0.3% after touching a more than four-month high on Wednesday, while …

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UK’s hot labour market shows sign of cooling: Indeed data

7 Dec 2023 7 Dec 2023

By David Milliken LONDON (Reuters) – Britain’s labour market remains tight, despite a fall in job postings by employers over the course of 2023 and broader weakness in the economy, figures from recruitment platform Indeed showed on Thursday. At the start of December last year, there were 48% more job postings on Indeed than before …

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Disasters caused $100 billion in insured losses in 2023, Swiss Re says

7 Dec 2023 7 Dec 2023

FRANKFURT (Reuters) – Earthquakes in Turkey and Syria, wildfires in Hawaii and other natural catastrophes have caused an estimated $100 billion in insured losses so far in 2023, down from the previous year but still well above normal, Swiss Re estimated on Thursday. The tally, which compares with $133 billion in 2022 and a 10-year …

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