Reuters UK Business

Figma reviewing EU’s objections against $20 billion Adobe buyout bid

18 Nov 2023

(Reuters) -Figma said on Friday it was carefully reviewing the EU competition watchdog’s statement of objections related to Photoshop maker Adobe’s proposed $20 billion bid to buy out the cloud-based designer platform. The EU agency had in August opened a full-scale investigation into Adobe’s proposal to buy Figma, saying that it could reduce competition in …

Figma reviewing EU’s objections against $20 billion Adobe buyout bid Read More »

Northrop Grumman pulls out of UK narrowband military satellite tender – FT

17 Nov 2023

LONDON (Reuters) – U.S. defence company Northrop Grumman has pulled out of a competition to supply narrowband military satellite communications for Britain’s armed forces, the Financial Times reported on Friday. Northrop had partnered with Airbus in its bid. The two companies last month agreed a strategic partnership to bid for the wideband component of Britain’s …

Northrop Grumman pulls out of UK narrowband military satellite tender – FT Read More »

Analysis-Fewer shoppers in Burberry stores complicates design overhaul

17 Nov 2023

By Mimosa Spencer PARIS (Reuters) – The slowdown in the luxury market following a post-pandemic boom could not come at a worse time for Burberry, with designer Daniel Lee’s first styles for the British label trickling into newly refurbished stores. Executives cautioned on Thursday that they would struggle to meet Burberry’s annual revenue forecast, pointing …

Analysis-Fewer shoppers in Burberry stores complicates design overhaul Read More »

Exclusive-Manufacturer Lonza says it will not fill obesity drug syringes

17 Nov 2023

By Ludwig Burger and Paul Arnold BASEL (Reuters) – Lonza’s chairman has ruled out plans to use its capacity to fill syringes and provide final production steps for new obesity drugs even as rivals scramble for a share of the booming weight-loss market. That marks a climb down from remarks at an investor event a …

Exclusive-Manufacturer Lonza says it will not fill obesity drug syringes Read More »

National Grid’s Massachusetts utilities submit clean energy investment plan

17 Nov 2023

(Reuters) – Britain’s National Grid said on Friday its two utility firms in Massachusetts have submitted a clean energy investment plan to authorities in the U.S. state as part of the group’s required rate case filing. Utility companies in the United States use rate case proceedings with the respective regulators to address a revenue shortfall …

National Grid’s Massachusetts utilities submit clean energy investment plan Read More »

UK’s FirstGroup partners with Hitachi to lease electric bus batteries in $124 million deal

17 Nov 2023

(Reuters) – British transport operator FirstGroup said on Friday it will form a joint venture with Japan’s Hitachi for leasing up to 1,000 electric bus batteries for about 100 million pounds ($123.9 million) as part of its fleet expansion plan. As part of the agreement, NextGen AssetCo, a 50-50 joint venture between FirstGroup and Hitachi …

UK’s FirstGroup partners with Hitachi to lease electric bus batteries in $124 million deal Read More »

CAB Payments pledges to hit revised target after stock plunge -investor

17 Nov 2023

By Kirstin Ridley and Sinead Cruise LONDON (Reuters) -CAB Payments, whose stock plunged more than 70% last month after a profit warning, has pledged to some investors it will hit a revised 2023 revenue target and publish a trading update in January, as the cross-border payments processor fights to win back market trust. Oliver Brown, …

CAB Payments pledges to hit revised target after stock plunge -investor Read More »

Close Bitnami banner
Bitnami