Reuters UK Business

Sanofi flags second delay to FDA decision on multiple sclerosis drug, shares fall

By Bhanvi Satija Dec 15 (Reuters) – French drugmaker Sanofi on Monday flagged another delay to a U.S. regulatory decision for its experimental multiple sclerosis drug and reported disappointing results from a late-stage study, sending shares of the company down 2%. Shares initially fell over 5% to the bottom of the SBF 120 index of …

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Ukraine says higher freight tariffs are inevitable

KYIV, Dec 15 (Reuters) – Ukraine will be unable to avoid increasing freight tariffs as its transport system is targeted by constant Russian attacks, a deputy economy minister was quoted as saying on Monday of measures strongly opposed by the industrial and farming sectors. Multiple industry associations have said that state railway company Ukrzaliznytsia’s plans …

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UK regulator probes BT, Three over summer mobile outages

Dec 15 (Reuters) – Britain’s telecom and media regulator Ofcom said on Monday it had launched investigations into top mobile and broadband services providers BT Group and Three following summer outages that disrupted mobile services nationwide. The outages affected thousands of customers across BT’s EE network and Three UK, causing widespread disruption in the UK …

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EU hands $84.5 million cartel fine to makers of car starter batteries

Dec 15 (Reuters) – The European Commission has fined three makers of starter batteries for cars and a trade association around 72 million euros ($84.54 million) for participating in a long-running cartel, in breach of EU antitrust rules, it said on Monday. The commission said battery makers Clarios, Exide, FET and Rombat, and trade association …

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EU Commission expects to sign Mercosur agreement by end of year, spokesman says

BRUSSELS, Dec 15 (Reuters) – The European Commission still expects to sign the Mercosur trade deal by the end of the year, a Commission spokesman said on Monday. “The deal is a question of utmost importance for our European Union, economically, diplomatically, geopolitically, but also in terms of our accountability of the global stage,” spokesman …

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Italy’s Enel buys wind farms in Germany in 80-million-euro deal

MILAN, Dec 15 (Reuters) – Italy’s largest utility Enel has completed the purchase of two onshore wind farm projects in Germany, the company said on Monday, marking its first significant acquisition of renewable power plants in the country. The deal is worth around 80 million euros ($94 million) including debt, Enel said, adding that the …

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Italy’s Juventus: a history of triumphs, tragedy and scandal

Dec 15 (Reuters) – Italy’s Agnelli family said at the weekend that it has no intention of selling Juventus to crypto group Tether or anyone else, rejecting Tether’s shock offer for Italy’s most successful soccer club.Following are key dates in the history of Juventus.1897: The club is formed by a group of high school students …

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LME outlines proposed new rules on position limits

LONDON, Dec 15 (Reuters) – The London Metal Exchange (LME) on Monday outlined plans for new rules on position limits from July next year to comply with a directive from Britain’s financial regulator. The Financial Conduct Authority currently sets and administers position limits in commodity derivatives to prevent market manipulation and abuse. But responsibility for …

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