Reuters UK Business

By John Revill ZURICH (Reuters) – A Swiss proxy adviser representing some former Credit Suisse shareholders has backed a class-action lawsuit seeking a better price from UBS for its takeover of its cross-town rival, it said on Tuesday. Ethos Foundation, which represents a Swiss pension funds that owned more than 3% of Credit Suisse, “has …

Credit Suisse investor group joins claim seeking better UBS takeover price Read More »

By James Davey and Sarah Young LONDON (Reuters) -Sainsbury’s, Britain’s second-largest supermarket group, said on Tuesday fresh food prices were falling and packaged goods would follow, good news for UK inflation, as it powered to a 9.8% rise in quarterly underlying sales. Trading conditions in the 16 weeks to June 24 were dominated by high …

Sainsbury’s says UK fresh food prices falling, packaged goods to follow Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft is likely to face a European Union antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to have hit a roadblock, people familiar with the matter said. Microsoft, which has been fined 2.2 billion euros ($2.4 billion) in …

Exclusive-Microsoft faces EU antitrust probe after remedies fall short, sources say Read More »

(Reuters) – Britain’s Financial Conduct Authority (FCA) has summoned chief executives of banks to address concerns that savings rates for customers are too low, the Financial Times reported on Monday. Top bankers at Natwest, Barclays, HSBC and Lloyds are expected to attend a meeting at the FCA on Thursday, to discuss the pricing of cash …

UK’s FCA summons top bankers over savings rates- FT Read More »

(Reuters) – Cineworld Group is looking at Eduardo Acuna, who runs the Americas operations of Mexico’s Cinepolis, as a potential candidate to take the helm at the embattled British cinema chain operator when it emerges from bankruptcy proceedings, Sky News reported on Monday. It is not clear whether Acuna was formally in the frame to …

Cinepolis exec seen as CEO candidate for Cineworld – Sky News Read More »

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators will decide by Aug. 7 whether to clear Adobe’s $20 billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe sought EU approval last Friday. A request made a month before the summer …

EU antitrust regulators set Aug. 7 deadline for Adobe, Figma deal Read More »

(Reuters) -British electric vehicle startup Arrival SA said on Monday it would terminate plans to merge with special purpose acquisition company (SPAC) Kensington Capital Acquisition Corp V. Arrival, whose shares fell more than 2% in extended trading, had said in April it would merge with blank-check firm Kensington Capital Acquisition Corp V to raise cash. …

Arrival to scrap plan to merge with SPAC Read More »

By Helen Coster NEW YORK (Reuters) – Video-sharing website BitChute is raising $10 million in Series A funding at a valuation of $750 million to $1 billion, according to one of its investors and a presentation seen by Reuters, as it seeks to add new features that allow live-streaming and the payment of content creators …

Exclusive-Video-sharing website BitChute seeks to raise $10 million in new funding round Read More »