ZURICH (Reuters) – Roche is open to making big acquisitions if they make “sense”, Chief Executive Thomas Schinecker said, with the Swiss drugmaker unencumbered by its $20.7 billion deal last year to buy back its shares from Novartis. “Of course, we also look externally for opportunities,” Schinecker, who became Roche CEO in March, told Swiss …
(Reuters) – Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on Saturday. Insurers invest a chunk of their underwriting income into a wide range of securities particularly longer-term …
Non-life insurers’ profits to see boost from higher rates – study Read More »
LONDON (Reuters) – Restaurant Group (RTN.L), the owner of Wagamama restaurants and Frankie & Benny’s, said on Saturday it is in “advanced discussions” with Big Table Group regarding the potential divestment of its leisure business. “Whilst discussions are ongoing, there can be no certainty that they will lead to a transaction nor as to the …
UK’s Restaurant Group in talks with Cafe Rouge owner to divest leisure business Read More »
PARIS (Reuters) – Marc Bohan, a fashion visionary and the longest-serving designer at Dior, has died at 97, the French luxury fashion house said. “Dior is deeply saddened to learn of the passing of Marc Bohan, an immense and influential visionary who was Creative Director of our House for nearly three decades,” Dior said in …
Dior’s former creative director Marc Bohan dies at 97 Read More »
(Reuters) -UK’s Motor Fuel Group (MFG) is in talks with supermarket chain Morrisons for 340 fuel retail forecourts in a deal that could be worth about 2 billion pounds ($2.49 billion), the petrol stations giant said. The company, in a statement to Reuters on Friday, said a deal would also include 500 freehold plots of …
UK’s Motor Fuel Group in $2.5 billion fuel stations deal talks with Morrisons Read More »
NAIROBI/ TORONTO (Reuters) – Tantalex Lithium, a Canadian junior miner that is aiming to produce lithium from the Democratic Republic of Congo (DRC), said on Friday its tailings project has secured the backing of Glencore. The Swiss miner and trader will pay a staggered $5 million to Tantalex as part of the marketing off-take agreement …
Tantalex secures Glencore’s backing for Congo lithium project Read More »
By Christopher Bing and Zeba Siddiqui (Reuters) -Researchers at digital watchdog group Citizen Lab said on Thursday they found spyware they linked to Israeli firm NSO that exploited a newly discovered flaw in Apple devices. While inspecting the Apple device of an employee of a Washington-based civil society group last week, Citizen Lab said it …
New flaw in Apple devices led to spyware infection, researchers say Read More »
By Susanna Twidale LONDON (Reuters) – Offshore wind power developers warned on Friday that Britain’s climate goals could be at risk after a subsidy auction for new renewable energy projects did not attract any investment in those planned off British coasts. Britain is aiming to develop 50 gigawatts (GW) of offshore wind capacity by 2030, …
UK climate goals seen at risk after offshore wind spurns auction Read More »
By Iain Withers LONDON (Reuters) -Barclays is drawing up plans to cut hundreds of jobs, two sources familiar with the matter told Reuters, as the bank trims its costs while embarking on a wider strategy review. The British bank could cut as many as 400 jobs in its domestic retail business, one of the sources …
Barclays drawing up plans for hundreds of job cuts -sources Read More »
(Reuters) – Barclays Plc is planning to cut hundreds of jobs across its trading and investment bank divisions, Bloomberg News reported on Friday, citing people familiar with the matter. The report added that the British lending group is planning to remove about 5% of client-facing staff in the trading division along with some dealmakers globally, …
Barclays plans hundreds of job cuts in trading, investment bank units – Bloomberg News Read More »
