Reuters UK Business

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday ruled against Amgen Inc in its bid to revive patents on its cholesterol-lowering drug Repatha in a legal clash with French rival Sanofi SA. The 9-0 ruling upheld a lower court’s decision that had invalidated Amgen’s patents on the grounds that the Thousand Oaks, …

U.S. Supreme Court rules against Amgen bid to revive cholesterol drug patents Read More »

By Kirstin Ridley and Stefania Spezzati LONDON (Reuters) – Credit Suisse came close to falling below minimum levels of cash held at the Swiss central bank days before its forced takeover by UBS, a regulatory document shows. As of mid-March 2023, Credit Suisse barely reached its internal cash limit at the Swiss National Bank. A …

Credit Suisse neared its cash limits days before rescue, filing shows Read More »

By Sruthi Shankar and Ankika Biswas (Reuters) -European stocks climbed on Thursday boosted by hopes of a breakthrough in the U.S. debt ceiling stand-off, with Germany’s blue-chip index hitting its highest level in more than a year. The continent-wide STOXX 600 index closed 0.4% higher, with automobiles and technology stocks leading the buying spree. Germany’s …

European stocks climb on U.S. debt ceiling optimism Read More »

BERLIN (Reuters) – Germany’s powerful auto industry association is urging the European Union and Britain to postpone post-Brexit rules it says would hamper the transition to electric vehicles, potentially boosting the hand of UK-based carmakers calling for the same. Under the trade deal agreed when Britain left the EU, 45% of the value of an …

German carmakers call for post-Brexit rules to be postponed Read More »

By Radhika Anilkumar (Reuters) -Premier Foods said on Thursday it does not expect further prices hikes in fiscal 2024 after it posted a beat in profit for 2023 aided by price increases and cost-cutting measures. “We have passed the peak and it does look like we are not going to see prices rising as quickly …

Mr Kipling maker Premier Foods to stop price hikes this year Read More »

By John Irish HIROSHIMA, Japan (Reuters) – Leaders of the Group of Seven (G7) nations will discuss how to trace Russian diamond trade at a summit this week with the aim of imposing restrictions at a later stage, an EU official said on Thursday. “You can expect this to be mentioned in the G7 communique,” …

G7 to discuss diamond trade with future Russia sanctions in mind – EU official Read More »

By Aby Jose Koilparambil (Reuters) -The chief of Britain’s National Grid said on Thursday that urgent policy and regulatory reforms are needed for the country to hit its energy transition target, after the utility firm posted a 15% jump in annual profit. National Grid, which runs Britain’s energy systems and operates a gas franchise in …

National Grid CEO calls for urgent policy reforms to speed energy transition Read More »

LONDON (Reuters) – The proportion of British businesses expecting to raise prices has fallen in a latest sign that price pressures have peaked after inflation hit a 41-year high last year, a survey published on Thursday showed. The Office for National Statistics said 18% of businesses expected to increase the prices of goods or services …

Fewer UK firms expect to raise prices over the next month, ONS says Read More »