Reuters UK Business

MILAN (Reuters) – UniCredit will use restructuring charges it is set to book this year to fund voluntary exits after receiving some 1,900 requests from staff late last year of which it met less than half, two people close to the matter said. In reporting stronger-than-expected quarterly results, UniCredit on Wednesday raised its profit goal …

UniCredit to use 300 million euro charges for voluntary staff exits-sources Read More »

MILAN (Reuters) – Italy’s biggest utility, Enel, confirmed its full-year guidance and entered a press blackout period ahead of a May 10 shareholder vote on a challenged board shake-up. The group, whose main shareholder is Italy’s Treasury with nearly a 24%-stake, is at the centre of a governance row that will be decided at the …

Enel confirms 2023 guidance, enters press blackout on nominations Read More »

COPENHAGEN (Reuters) – Danish brewer Carlsberg has reached a settlement with German authorities and agreed to pay a 50 million-euro ($55 million) fine over the alleged formation of a cartel more than a decade ago. It said it refuted the allegations but had settled in order to focus on its core business of brewing beer. …

Carlsberg agrees to pay 50 million euro fine in German price-fixing case Read More »

By Foo Yun Chee BRUSSELS (Reuters) – EU countries and lawmakers have reached a deal to protect the bloc’s traditional crafts and industrial products ranging from Murano glass to Solingen cutlery, with a new system aimed at boosting local areas and fighting counterfeits. Proposed by the European Commission in April last year, the new scheme …

EU reaches deal to protect crafts from Murano glass to Solingen cutlery Read More »

By Valentina Za MILAN (Reuters) – UniCredit Chief Executive Andrea Orcel on Wednesday said buying back the banks’ own shares was the best use of its money, with no merger and acquisition deal offering a valid alternative. A 40% rise in UniCredit’s share price this year has fuelled speculation that Orcel, who built his career …

UniCredit CEO says no M&A targets make sense at current prices Read More »

(Reuters) – Britain’s competition watchdog said on Wednesday it was looking into Adobe Inc’s $20 billion buyout deal for cloud-based designer platform Figma to find if it could lead to “substantial lessening of competition” in the country. The move underlines regulators’ worries that large tech firms acquiring smaller innovative rivals could throttle competition. UK Competition …

Adobe’s $20 billion Figma buyout deal under UK competition watchdog scanner Read More »

By Simon Jessop and Tommy Wilkes LONDON (Reuters) -Barclays has told beef sector clients they must prevent deforestation in their South American supply chains, in a policy document seen by Reuters that toughens the bank’s stance but stops short of campaigners’ demands. British bank Barclays has been a particular focus of activists given its role …

Barclays toughens deforestation rules for beef sector clients Read More »

By Matteo Allievi and PierreJohn Felcenloben (Reuters) -Signify, the world’s biggest lighting maker, missed first-quarter core profit expectations on Wednesday due to persistently weak demand notably in its second-biggest market China, sending its shares down 10%. Lower consumption, supply chain disruptions and China’s extended COVID restrictions last year have taken a toll on Signify’s earnings, …

Signify shares tumble 10% as low consumer demand hits profits Read More »