Reuters UK Business

By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – German premium footwear brand Birkenstock Holding is pushing ahead with its plans to launch its initial public offering (IPO) next month, even as a looming shutdown of the U.S. federal government threatens to derail the stock market debuts of other companies, people familiar with the …

Birkenstock eyes US IPO even in government shutdown -sources Read More »

By Muvija M LONDON (Reuters) – Irish budget airline Ryanair’s boss Michael O’Leary said on Wednesday the UK air travel industry was weaker than Europe’s as British consumers grapple with high interest rates and a cost-of-living crisis. “Europe itself is strong, Italian domestics are strong, Spanish domestics are strong, Eastern Europe is strong. The UK …

Ryanair boss sees weaker UK winter demand than in Europe Read More »

By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission set a date on Wednesday for its internal judge to hear its arguments on why Microsoft should not be allowed to buy games maker Activision Blizzard for $69 billion. The case is set to be heard 20 days after an appeals court rules on …

US FTC sets date for internal arguments on Microsoft deal to buy Activision Read More »

FRANKFURT (Reuters) -Volkswagen was hit by a major IT outage on Wednesday, Europe’s top carmaker said, adding that production at the carmaker’s namesake brand in Germany had come to a halt as a result. Volkswagen said that the whole group, which includes the Porsche AG and Audi brands, was affected. A spokesperson for Audi confirmed …

Volkswagen hit by IT outage, brand vehicle production in Germany halted Read More »

MILAN (Reuters) – Telecom Italia (TIM) directors backed KKR’s request to extend to Oct. 15 a deadline to receive a binding bid from the U.S. fund for the former phone monopoly’s landline grid, the company said on Wednesday. The two-week extension to a previous deadline of Sept. 30 was unanimously approved by board members who …

Telecom Italia extends deadline for final grid bid to Oct. 15 Read More »

By Nick Carey LONDON (Reuters) – British electric vehicle supplier Bedeo said on Wednesday that it has launched a service to convert thousands of diesel vans to electric hybrids, starting in France to take advantage of government subsidies for retrofitting fossil-fuel models. France provides a 9,000-euro ($9,509) subsidy for EV retrofitters, though each retrofitted model …

UK EV supplier Bedeo launches electric van conversions in France Read More »

MILAN (Reuters) -Eni is in talks with a strategic partner to sell a stake in its low carbon unit Plenitude, the CEO of the Italian energy group Claudio Descalzi said on Wednesday, adding that an initial public offering (IPO) would follow. Descalzi told an energy conference in Milan the deal would help to set an …

Eni in talks to sell Plenitude stake, IPO will follow Read More »