Reuters UK Business

By Aditya Soni and David Shepardson (Reuters) -The U.S. Justice Department has sought documents and issued subpoenas to Tesla as it scrutinizes the automaker’s driver assistance system Autopilot and vehicle driving range, among other issues, the company said on Monday. Tesla said in a regulatory filing it has received requests for information “including subpoenas, from …

US Justice Department issues subpoenas to Tesla in ongoing probes Read More »

By Valentina Za and Lefteris Papadimas MILAN (Reuters) -UniCredit said on Monday it plans to become Alpha Bank’s biggest investor by buying a 9% stake owned by Greece’s bank bailout fund, as the Italian lender also agreed to acquire most of Alpha’s Romanian business. The moves are part of CEO Andrea Orcel’s strategy to grow …

UniCredit to acquire stake in Greek bank Alpha in Romania deal Read More »

(Reuters) -Airbus said on Monday it had signed two contracts valued at 1.2 billion euros ($1.27 billion) to provide capability enhancement and in-service support of France’s fleet of A330 MRTTs (Multi Role Tanker Transports). The world’s biggest planemaker said in a statement it had struck the deals with France’s Directorate General of Armaments (DGA) and …

Airbus lands $1.27 billion French air tanker upgrade, service deals Read More »

By Bart H. Meijer AMSTERDAM (Reuters) -Shares of Dutch health technology company Philips dropped 4% on Monday as strong quarterly earnings and an upgraded outlook for 2023 could not offset worries about a continuing fall in new orders. Philips’ core profit more than doubled to 457 million euros ($483.3 million) in the third quarter, while …

Philips shares drop as new order decline clouds rosier outlook Read More »

By Dhara Ranasinghe, Stefano Rebaudo and Naomi Rovnick LONDON (Reuters) – The European Central Bank has good reasons to hold fire on Thursday after raising interest rates at its past 10 meetings. Yet conflict in the Middle East, pushing energy prices higher, is another headwind to a central bank that has battled an inflation surge. …

Ten, no more? Five questions for the ECB Read More »

ZURICH (Reuters) -European authorities have approved online luxury retailer Farfetch’s purchase of a stake in rival Yoox Net-A-Porter from Richemont in the last regulatory approval needed, Richemont, the owner of Cartier, said on Monday. Completion of the deal remains subject to “certain other conditions that Richemont and Farfetch are working towards fulfilling”, Richemont said, promising …

European regulator approves Farfetch deal for YNAP, Richemont says Read More »

(Reuters) – Volkswagen shares fell to their lowest since April 2020 on Monday after the German carmaker cut its profit margin outlook for the current year, disappointing some investors. Blaming negative effects from raw materials hedges, Europe’s largest automotive group on Friday indicated a return on sales of 7.0-7.3%, down from 7.5-8.5% forecast previously. Volkswagen …

Germany’s Volkswagen shares tumble after margin downgrade Read More »