Reuters UK Business

BERLIN (Reuters) – Five economic institutes are forecasting gross domestic product growth in Germany of 0.3% in 2023, up from a predicted contraction of 0.4% in autumn, two sources familiar with the data told Reuters. For 2024, the four German and one Austrian institutes forecast GDP growth of 1.5%, down from 1.9% previously. The economic …

Economic institutes forecast German GDP growth of 0.3% in 2023 – sources Read More »

By Simon Jessop, Iain Withers and Andres Gonzalez LONDON (Reuters) -British asset manager Rathbones said on Tuesday it had agreed to acquire the UK wealth business of Investec in an all-share deal that values the unit at 839 million pounds ($1.04 billion). The tie-up is the latest in a string of deals in the high-growth …

Rathbones snaps up Investec’s UK wealth arm in all-share deal Read More »

MADRID (Reuters) -Europe’s largest mobile phone tower operator Cellnex said on Tuesday two of its board members have resigned following pressure on the company’s management from its largest shareholder, activist fund TCI. Former board chairman Bertrand Boudewijn Kan and Leonard Peter Shore, both independent directors, quit with immediate effect, citing “irreconcilable differences with the board …

Two Cellnex board members quit amid pressure to change leadership Read More »

ZURICH (Reuters) – Credit Suisse’s chairman told a room full of shareholders that he was “truly sorry” the Swiss bank was not able to get back on track at its final annual general meeting on Tuesday, according to a manuscript of his speech. “I apologise that we were no longer able to stem the loss …

Credit Suisse chairman: “I am truly sorry” Read More »

By Johann M Cherian (Reuters) -London’s FTSE 100 rose for a seventh straight session on Tuesday, boosted by gains in financials and commodity-linked stocks, while OKYO Pharma tumbled following its plan to delist from UK markets. OKYO Pharma Ltd fell 14.6% to a ten-month low after the bio-pharmaceutical company said it plans to delist from …

Banks, miners push FTSE 100 up for seventh day; OKYO Pharma slumps Read More »

By Clara Denina and Pratima Desai LONDON (Reuters) -putting down for author to review and revise -dg Copper and zinc miner Teck Resources on Monday rejected an unsolicited $22.5 billion bid from Glencore Plc, citing reluctance to expose its shareholders to thermal coal, oil, LNG and related sectors. New York-listed shares of Teck jumped 19.6% …

Copper miner Teck Resources rejects Glencore’s $22.5 billion offer Read More »

FRANKFURT (Reuters) – German pharmaceutical group Bayer will invest 60 million euros ($65.44 million) into projects in Ukraine, German vice chancellor Robert Habeck said on Monday on television. In an interview with “ZDF heute journal” from Kiev, Habeck named projects for Ukraine including Bayer’s investment and expanding capacities in the production of building materials, without …

German vice chancellor says Bayer to invest 60 million euros in Ukraine – ZDF Read More »

AMSTERDAM (Reuters) – Amsterdam’s Schiphol Airport plans to cut late-night flights as part of attempts to reduce noise pollution, newspaper Het Parool reported on Monday, citing the airport’s CEO. Plans for the airport to be rolled out in the coming two years include closing it almost completely between midnight and 5 a.m., the report citing …

Amsterdam’s Schiphol Airport to cut late-night flights -Het Parool Read More »