Reuters UK Business

By James Davey LONDON (Reuters) – A coalition of 15 major investors managing 2.4 trillion pounds ($3 trillion) will use this year’s shareholder meeting season to press some of Britain’s biggest listed employers to protect their lowest-paid workers during the cost-of-living crisis. Responsible investment group ShareAction, which brought the group together, said on Friday investors …

Investors to urge UK firms to protect low-paid workers Read More »

By Gabriel Araujo RIO DE JANEIRO (Reuters) – BAE Systems Plc is scheduling a test of its CV90 armored combat vehicle in Brazil this year, an executive told Reuters, as it seeks to provide information about the product to local armed forces ahead of a potential purchase decision. BAE’s vice president for international market creation, …

BAE Systems to test CV90 combat vehicle in Brazil before possible purchase decision Read More »

DUESSELDORF, Germany (Reuters) -Rheinmetall, suffered a cyber attack to the division of its business dealing with industrial customers, mostly in the automotive sector, the company said on Friday, adding its military division was unaffected. “Rheinmetall is currently investigating the extent of the damages and is in close contact with the relevant authorities,” a spokesperson said. …

Rheinmetall suffers cyber attack, military business unaffected – spokesperson Read More »

ROME (Reuters) – Italy’s stock market watchdog Consob is scrutinising the government’s CEO nominee at defence group Leonardo after an opposition lawmaker raised potential conflict-of-interest issues, sources at the regulator said on Friday. Italy’s Treasury on Wednesday tapped former Energy and Environment Minister Roberto Cingolani to take charge of Leonardo, as part of a round …

Italy market watchdog Consob looking closely at Leonardo CEO pick Read More »

LONDON (Reuters) – A lawsuit bought by Elliott Associates and Jane Street Global Trading against the London Metal Exchange (LME) for cancelling nickel trades will to be heard in a London court on June 20-22, the LME said on its website. U.S.-based Elliott and Jane Street are demanding damages of $456.4 million and $15.34 million …

LME trial over nickel trading debacle set for June 20-22 Read More »

By David Milliken LONDON (Reuters) -The Bank of England said on Friday it would rely on a key U.S. regulator’s assessment of U.S.-based central counterparties (CCPs) which clear financial trades in Britain, in order to reduce duplication of work by supervisors. The BoE signed an agreement with the U.S. Commodities and Futures Trading Commission (CFTC) …

Britain recognises CFTC oversight of US clearing houses in UK Read More »

By Gabriel Araujo and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Airbus SE hopes to propose partnerships with Brzil’s Embraer SA in defense and space in the medium term, its regional executive overseeing those areas told Reuters, saying the two planemakers might complement each other in some ways. Any deal remains distant as negotiations …

Airbus eyes medium-term defense, space ties with Brazil’s Embraer Read More »

By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) – Bayer Chairman Norbert Winkeljohann has won backing for his re-election from a pair of major shareholder advisory firms despite criticism from two German investment groups for his numerous board commitments. In separate reports made available to Reuters, Institutional Shareholder Services (ISS) and Glass Lewis said they …

Bayer chair wins backing from major shareholder advisory firms Read More »