By Giulia Segreti ROME (Reuters) -Italy’s Avio will direct most of an upcoming capital hike to the development of a new U.S. facility, with the remaining funds aimed at boosting its European production capacity, the CEO of the rocket maker told Reuters on Thursday. “We are in industries – the space and defence ones – …
Italy’s Avio invests in US plant amid accelerating missile demand Read More »
(Reuters) -Staar Surgical has adjourned its shareholder vote on Swiss eyecare giant Alcon’s $1.5 billion takeover offer until November 6, the company said on Thursday. The delay comes amid opposing campaigns between Staar’s board and key investors, led by Broadwood Partners which owns 27.5%. Opposing shareholders argue that the deal undervalues the business and reflects …
Staar Surgical adjourns vote on acquisition by Alcon Read More »
LONDON (Reuters) -British finance minister Rachel Reeves is considering raising income tax in next month’s budget to help reduce a multibillion-pound deficit, The Guardian reported on Thursday, citing sources familiar with the matter. The discussions come as Reeves faces an estimated shortfall of more than 30 billion pounds ($40.26 billion), the newspaper reported. It said …
UK’s Reeves weighing income tax rise to tackle deficit, The Guardian reports Read More »
By Sam Tobin LONDON (Reuters) -Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the U.S. tech company on the hook for hundreds of millions of pounds in damages. The Competition Appeal Tribunal (CAT) ruled against Apple after a trial of …
Apple loses landmark UK lawsuit over app store commissions Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices surged around 5% to a two-week high on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over Moscow’s war in Ukraine, prompting energy firms in China and India to consider cutting Russian imports. Brent futures rose $3.40, or 5.4%, to settle at …
Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil Read More »
(Changes media identifier, no changes to text) By Ilona Wissenbach and Rachel More FRANKFURT (Reuters) -Production at Volkswagen’s main plant will proceed as planned during its next work week, despite the risk of shortages from a stand-off between China and the Netherlands over chipmaker Nexperia, a person familiar with the matter said. But beyond the next …
VW production continuing for now but chip uncertainty high, source says Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Union is drafting measures to control prices in its new carbon market, in response to governments’ concerns that the emissions-cutting scheme could increase fuel bills, the bloc’s climate chief said in a letter seen by Reuters. The policy is designed to impose a price from 2027 on planet-heating …
(Reuters) -London-based telehealth startup SheMed said on Thursday it raised $50 million in a Series A round, valuing the company at $1 billion, as demand for weight-loss drugs Wegovy and Mounjaro grows in Britain. Demand for Novo Nordisk’s Wegovy and Eli Lilly’s Mounjaro has surged in the United Kingdom, with patients often facing longer waits …
Women-focused weight-loss startup SheMed raises $50 million at $1 billion valuation Read More »
MILAN (Reuters) -Italian luxury group Salvatore Ferragamo posted a stronger-than-expected 1.7% rise in quarterly sales, as it begins implementing turnaround measures while continuing its search for a new chief executive. Revenues reached 221 million euros ($258 million) in the July-September period, with double digit growth in North America outweighing a slowdown in Asia, the company …
Ferragamo beats forecasts with 1.7% revenue rise as CEO search continues Read More »
By Mathias de Rozario (Reuters) -French car parts supplier Valeo on Thursday reported 0.6% growth in sales for the third quarter of the year, a performance which was better than market expectations. It confirmed its full-year outlook, citing an outperformance in Europe. BY THE NUMBERS Valeo’s sales came in at 5.00 billion euros ($5.83 …
Valeo Q3 sales beat market hopes, Europe outperforms Read More »
