Reuters UK Business

(Reuters) – Crispin Odey, one of Britain’s best-known hedge fund managers, is leaving Odey Asset Management following allegations of sexual misconduct, the firm’s executive committee said on Saturday. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Odey had sexually assaulted or harassed them over a 25-year …

Factbox-Who are Crispin Odey and the hedge fund Odey Asset Management? Read More »

By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) -Crispin Odey, one of Britain’s best-known hedge fund managers, will be leaving the company he founded, Odey Asset Management, following allegations of sexual misconduct, the firm’s executive committee said on Saturday. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 …

Crispin Odey to leave hedge fund he founded after assault allegations Read More »

LONDON (Reuters) – “Call of Duty” maker Activision Blizzard has been given permission to intervene in Microsoft’s legal battle with Britain’s anti-trust regulator over its decision to block the $69 billion takeover. Microsoft is appealing against the Competition and Markets Authority’s (CMA) decision to veto the deal, which it did in April on the grounds …

Activision intervenes in Microsoft challenge to UK regulator’s block Read More »

(Reuters) – Odey Asset Management has sold its 19% stake in UK-based retailer AO World Plc to Frasers Group, Sky News reported on Saturday. Frasers Group bought the stake for 75 million pounds ($94.27 million), the report said. Odey Asset Management, AO and Frasers Group did not immediately respond to a request for comment by …

Odey offloads stake in UK Retailer AO – Sky News Read More »

By Kate Abnett BRUSSELS (Reuters) – European Union countries will try again next week to pass a deal on new renewable energy targets, which have been stalled by concerns from France and other states that the law sidelines nuclear energy. A group of countries including France lodged last-minute opposition to the EU’s law on more …

EU to try again for renewable energy deal after nuclear row Read More »

BERLIN (Reuters) – The CEO of Germany’s largest defence contractor Rheinmetall said he expected a further boost to the company’s stock market value due to the Ukraine war and increased defence spending in Europe. “Our operating income in 2025 should be about 1.5 billion euros ($1.6 billion), maybe even 1.7 billion euros. For a fair …

Rheinmetall could be worth 17 billion euro over medium term-CEO Read More »

(Reuters) – Swedish hygiene products group Essity has divested its operations in Russia, the company said in a statement on Saturday. The company said it did not expect to see a material financial impact from the winding down of its Russian business. Essity has signed an agreement with a buyer and the transaction has been …

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By Nell Mackenzie, Sinead Cruise and Naomi Rovnick LONDON (Reuters) – Big banks and investors quickly sought to distance themselves from Odey Asset Management after allegations of sexual misconduct by its founder, yet for some in the City of London signs of a deeper change in culture are still scant. The Financial Times and Tortoise …

Analysis-City distances itself from hedge fund boss Odey in tentative #MeToo shift Read More »

ZURICH (Reuters) – The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman Thomas Jordan said in an interview published on Saturday, Jordan defended the central bank’s commitment to price stability, which he defined as inflation below 2% but in positive territory, in the article in Swiss newspaper Corriere …

Swiss National Bank Chairman hints at rate rises to tackle inflation Read More »