Reuters UK Business

COPENHAGEN (Reuters) – Novo Nordisk CEO Lars Fruergaard Jorgensen said on Friday the company will work with European government healthcare systems to ensure less fortunate and the most obese people get access to its Wegovy weight-loss drug. “In Europe, we would aim to seek reimbursement for those patients with the highest BMI, have co-morbidities, and …

Novo Nordisk to address social inequality in dialogue with healthcare systems -CEO Read More »

By Jesús Aguado MADRID (Reuters) -The European Central Bank needs to measure the impact of the digital euro on the euro zone’s banking system before any final decision on its potential launch, Spain’s deputy central bank governor Margarita Delgado said on Friday. The ECB is due to decide in October whether to push ahead with …

ECB must gauge digital euro impact on banks before launch -Spanish official Read More »

LONDON (Reuters) – Watches of Switzerland shares fell almost 30% on Friday, on course for the biggest one-day drop on record, as Rolex’s purchase of retailer Bucherer raised questions about Watches’ prospects. Rolex announced on Thursday that it would buy luxury watch retailer Bucherer for an undisclosed amount, adding the watch retailer will operate independently. …

Watches of Switzerland shares slide after Rolex buys Bucherer Read More »

By Shashwat Chauhan (Reuters) – European shares reversed early losses on Friday as miners and energy stocks rose on firm commodity prices, with focus now shifting to speeches from major central bank heads at the Jackson Hole symposium in the United States. The pan-European STOXX 600 gained 0.3%, and was on track for its first …

European shares on track to snap three weeks of decline on miners, energy boost Read More »

(Reuters) -Britain’s competition regulator plans to propose a deeper probe into the large amount of land controlled by top homebuilders and into high charges arising from difficulties in handing over completed housing estates to local authorities for upkeep. The Competition and Markets Authority’s (CMA) proposal, announced on Friday, to make a so-called market investigation reference …

UK proposes probe into large land holdings of top homebuilders Read More »

BERLIN (Reuters) -Germany’s economy stagnated in the second quarter from the previous three months, showing no sign of recovery from a winter recession and cementing its position as one of the world’s weakest major economies. The figure of zero growth for the second quarter was in line with a first estimate published in late July. …

German economy stagnates in Q2 after winter recession Read More »

BERLIN (Reuters) -German business morale deteriorated more than expected in August, falling for the fourth month in a row, a survey showed on Friday. The Ifo institute said its business climate index stood at 85.7, down from 87.4 in July. Analysts polled by Reuters had forecast a reading of 86.7. Assessments of the current situation …

German business sentiment worsens further in August – Ifo Read More »

BRUSSELS (Reuters) -Dutch brewer Heineken said on Friday it had completed its exit from Russia by selling its operations there to Russia’s Arnest Group for a symbolic one euro. The world’s second-largest brewer said the deal had received all the required approvals and was likely to leave it with exceptional losses of 300 million euros …

Heineken exits Russia with one-euro sale of operations Read More »

(Reuters) – CMC Markets said on Friday that it expects a drop in full-year profits as subdued trading activity weighed on investing net revenue in August, sending shares of the online trading platform down 20% in early trade. Trading platforms are struggling with a slowdown in client activity as market volatility eased from highs seen …

UK’s CMC Markets forecast lower annual profits, shares slide 20% Read More »

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Some foreign companies trying to exit Russia are facing a big jump in costs as Moscow is demanding bigger discounts on the price tags of assets they want to sell, three people with knowledge of the matter said. Russia has steadily tightened exit requirements since Western …

Exclusive-Moscow demands bigger discounts from foreign companies exiting Russia-sources Read More »