Reuters UK Business

By Shristi Achar A and Shashwat Chauhan (Reuters) -European shares drifted lower on Monday after dour updates from luxury companies weighed on the sector, while sentiment remained fragile following the assassination attempt on U.S. presidential candidate Donald Trump over the weekend. The continent-wide STOXX 600 closed 1% lower, snapping a three-session winning streak. Leading losses …

European shares fall, led by luxury sector, utilities Read More »

WARSAW (Reuters) – Poland’s antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined, UOKiK said on Monday. UOKiK said that prohibited activities which could incur penalties were described in …

PayPal fined $27.3 million by Polish watchdog for ambiguous clauses Read More »

By Tim Hepher, Giulia Segreti and Tassilo Hummel PARIS (Reuters) – European aerospace groups Airbus and Thales are exploring a tie-up of some space activities as new competition disrupts the sector, two industry sources said. The sources said preliminary talks were focusing on their overlapping satellite activities. Both companies declined to comment on the discussions, …

Airbus and Thales explore tie-up of space activities, sources say Read More »

By Sarah Young LONDON (Reuters) – British luxury group Burberry on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a “more familiar” look and presses on with efforts to revive the brand by moving upmarket. It also warned on profit and scrapped its dividend, sending its …

UK luxury brand Burberry gets new boss to revive revamp Read More »