Reuters UK Business

LONDON (Reuters) – Britain gave the green light to satellite company Viasat’s acquisition of rival Inmarsat, confirming the $7.3 billion deal would not substantially reduce competition in the supply of wifi on commercial flights. The Competition and Markets Authority’s approval in a statement on Tuesday followed the provisional clearance it gave the deal in March. …

UK regulator approves Viasat’s purchase of Inmarsat Read More »

(Reuters) -British sportswear retailer JD Sports Fashion is set to name BGL Group’s Dominic Platt as its new chief financial officer this week, Sky News reported on Tuesday. JD Sports said last year said that Chief Financial Officer Neil Greenhalgh will step down in 2023, after four years in the role. The sportswear retailer, Britain’s …

JD Sports to name Dominic Platt as CFO this week – Sky News Read More »

AMSTERDAM (Reuters) – Philips shareholders on Tuesday voted against discharging the board of its responsibilities for 2022, a year in which the Dutch health technology company lost around 70% of its market value amid a worldwide recall of respiratory devices. Such a move is seen as largely symbolic, but leaves open the option of legally …

Philips shareholders deal snub to board over 2022 turmoil Read More »

By Valerie Insinna, Padraic Halpin and Tim Hepher WASHINGTON/DUBLIN (Reuters) -Ireland’s Ryanair sealed a multibillion-dollar deal for as many as 300 Boeing jets on Tuesday, burying the hatchet after an 18-month public feud where prices threatened one of aviation’s closest partnerships. Europe’s biggest low-cost carrier said it was placing a firm order for 150 of …

Ryanair places major Boeing order after jet price truce Read More »

By Helen Reid BARCELONA (Reuters) – Amazon plans to open new warehouses and hire more people in Europe, an executive said on Tuesday, even as squeezed consumer spending forces the tech giant to cut costs globally and lay off some employees. Amazon has invested 142 billion euros ($156 billion)in Europe since 2010, and its growth …

Amazon plans more warehouses and higher headcount in Europe Read More »

By Mathieu Rosemain PARIS (Reuters) – Rothschild & Co, the Paris-listed investment bank being taken private by its owners, posted a 10% drop in first-quarter sales on Tuesday, as global mergers and acquisition activity fell to the lowest level in more than a decade. The bank, controlled by the eponymous financial dynasty and led by …

Rothschild & Co’s first-quarter sales fall 10% as dealmaking slides Read More »

(Reuters) -JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 million), in what would be the British group’s first acquisition since setting out ambitious expansion plans in February. JD currently trades from over 3,400 stores across 32 territories, including Britain, France, Germany, the United States and …

Britain’s JD Sports to buy France’s Courir in $572 million deal Read More »