Reuters UK Business

By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) directors will on Friday begin assessing a multi-billion euro bid for its fixed-line grid from U.S fund KKR, part of a government-backed plan opposed by top shareholder Vivendi and challenged by other minority investors. The sale of the grid is the centrepiece of TIM Chief Executive …

Telecom Italia reviews KKR’s bid as rival plan emerges Read More »

LONDON (Reuters) -British electricals retailer Currys said it will exit Greece after agreeing to sell its Kotsovolos unit to Greek power utility Public Power Corporation for an enterprise value of 175 million pounds ($214 million). Shares in Currys were up 5.4% in morning trading Friday, paring losses over the last year to 24.3%, after it …

UK retailer Currys exits Greece with $214 million Kotsovolos sale Read More »

STOCKHOLM (Reuters) -Volvo Cars’ sales in October grew 10% from a year earlier to 59,861 cars as fully electric car sales jumped but hybrid models fell, the Sweden-based group said on Friday. Volvo Cars said in a statement sales of fully electric cars rose 29% to account for 18% of all its cars sold in …

Volvo Cars’ sales of fully electric vehicles jump in October Read More »

MUNICH/FRANKFURT (Reuters) – German medical equipment maker Siemens Healthineers is in the early stages of weighing options for its diagnostics business, which has little overlap with other units, a person familiar with the situation told Reuters. Shares rose by almost 4% to a three-month high of 49.12 euros in early trade on Friday. The review …

Siemens Healthineers reviews options for diagnostics unit – source Read More »

BERLIN (Reuters) – German companies, particularly small ones, and local governments need to invest far more in cyber security as increasingly organised hackers see them as easy targets for ransomware attacks, the BSI information security office said on Thursday. In its annual report, BSI said it recorded an average of two ransomware attacks on local …

German firms, local govts must invest more against ransomware -report Read More »

By Anchal Rana (Reuters) -Thames Water, Britain’s biggest water supplier, is considering a proposal to axe around 300 job roles, of which over half are currently vacant, a company spokesperson told Reuters on Thursday. The company is trying to emerge from a tumultuous year, in which it faced possible nationalisation at one point, through a …

Thames Water may slash about 300 job roles Read More »

By Emma Rumney, Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Global brewers AB InBev and Carlsberg this week played down concerns among some investors that demand for weight-loss drugs may lead to a sharp drop in beer drinking. Huge demand for new treatments such as Novo Nordisk’s Wegovy has prompted questions about the implications for a range of …

Why brewers aren’t worried about Wegovy users drinking less beer Read More »