Reuters UK Business

By Manas Mishra (Reuters) – Drugmakers including Merck & Co, AstraZeneca Plc and AbbVie Inc said on Thursday they are open to acquisitions and reported a ramp up in research and development spending as the industry’s larger players look for new sources of future revenue. Several top drugs such as AbbVie flagship Humira have begun …

Drugmakers scout for deals, ramp up research spending Read More »

By Shadia Nasralla and Ron Bousso LONDON (Reuters) -An activist resolution urging BP to set tougher climate targets was rejected by shareholders on Thursday, although it enjoyed more support than last year after the energy company rowed back on plans to cut oil and gas output. The resolution filed by activist group Follow This, which …

BP shareholders reject climate activist resolution but support grows Read More »

(Reuters) -German automotive parts company Continental AG and U.S.-based self-driving technology firm Aurora Innovation will join forces to design and develop autonomous driving systems for trucks, the two companies said on Thursday. Investors and industry executives have been concerned about heavy investments going into self-driving technology and the protracted timelines to develop it. Aurora Innovation …

Continental, Aurora to jointly develop self-driving systems for trucks Read More »

PARIS (Reuters) -A French public prosecutor is appealing a court decision which cleared European planemaker Airbus and Air France of “involuntary manslaughter” over a 2009 plane crash. A French court had earlier this month cleared the two companies of the charge relating to the crash, when a plane from Rio de Janeiro to Paris vanished …

Prosecutor appeals crash verdict which cleared Air France, Airbus Read More »

By Richa Naidu LONDON (Reuters) – Despite some signs inflationary pressures are easing, Unilever warned on Thursday of big increases in the prices of dairy, soybean oil, cocoa and sugar in the first half of this year – potentially bad news for fans of its Ben & Jerry’s Half Baked ice cream. Unilever, which is …

Inside a tub of Ben & Jerry’s, Unilever’s costs surge Read More »

By Shubham Batra (Reuters) -European shares rose on Thursday driven by a raft of positive earnings, with upbeat results from Deutsche Bank and Barclays overshadowing worries over the U.S. banking sector’s health. The pan-European STOXX 600 index was up 0.2%, led by automobile shares, rising 1.0%. Investor concerns over the health of the U.S. banking …

Upbeat earnings drive European shares higher; Barclays, Deutsche Bank jump Read More »

By Dominique Vidalon PARIS (Reuters) – French spirits group Pernod Ricard reported a bigger-than-expected decline in third-quarter sales but said it was confident of delivering a strong performance over the 2022/2023 full year, predicting “very strong” sales in the fourth quarter. Pernod, the world’s second-biggest spirits group after Diageo, said that it expected consumer demand …

Pernod Ricard upbeat on Q4 as consumer demand recovers in China Read More »

By Padraic Halpin DUBLIN (Reuters) -Global leasing giant Avolon said on Thursday it had committed to ordering 40 Boeing 737 MAX aircraft in a deal worth over $4 billion at current list prices, a boost for the U.S. planemaker as it grapples with fresh delivery issues. Avolon, the world’s third largest aircraft leasing firm, said …

Avolon agrees $4 billion deal with Boeing for 40 737 MAX jets Read More »

By Emma-Victoria Farr and Danilo Masoni BERLIN/FRANKFURT (Reuters) – Stock exchange operator Deutsche Boerse on Thursday announced a 3.9 billion euro ($4.31 billion) takeover offer for Danish investment management software company SimCorp SA, as it looks to diversify its business. Shares in Deutsche Boerse dropped more than 6% after the German company announced the all-cash …

Deutsche Boerse offers $4.3 billion for Denmark’s SimCorp Read More »