Reuters UK Business

By Maggie Fick LONDON (Reuters) -British drugmaker GSK has signed deals with three companies allowing them to make inexpensive generic versions of its long-acting HIV preventive medicine for use in lower-income countries, where the majority of new cases occur. The injected drug cabotegravir was approved by regulators in the United States in late 2021. Last …

GSK licenses companies to make cheap copies of HIV prevention drug Read More »

By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – Spain’s Cellnex is close to hiring an adviser to help tackle demands made by hedge fund TCI, which has urged the company to reshuffle its board, sources with knowledge of the discussions told Reuters. BNP Paribas SA, Goldman Sachs Group Inc. and JPMorgan Chase & Co., …

Cellnex close to hiring adviser as activist TCI pushes for change -sources Read More »

By Kylie Madry MEXICO CITY (Reuters) -Publicis, one of the world’s largest advertising companies, will extend its presence in Latin America with the purchase of Argentina-based Practia by its digital arm Publicis Sapient, the French company said on Thursday. “The move to Latin America was, one, driven by the fact that digital transformation in Latin …

Digital arm of French ad agency Publicis expands to Latin America Read More »

By Jonathan Stempel NEW YORK (Reuters) – Societe Generale SA and BNP Paribas SA on Thursday won the dismissal of a lawsuit in New York accusing them of trafficking in assets that Fidel Castro’s government seized in 1960 from the former owners of a Cuban bank. The case had sought damages estimated at several hundred …

French banks defeat NY lawsuit by family of Cuban bank seized by Castro Read More »

By Toby Sterling and Muhammed Husain AMSTERDAM (Reuters) – Dutch state-owned electric grid company TenneT has awarded 11 contracts worth a combined 23 billion euros ($25 billion) to build systems connecting wind farms in the North Sea to shore, it said on Thursday. The contracts are being awarded to consortia led by Hitachi Energy and …

TenneT awards $25 billion in contracts to build North Sea-to-shore connections Read More »

LONDON (Reuters) – Britain’s finance ministry set out plans on Thursday to meet its target of becoming the world’s first net-zero aligned financial centre, proposing measures to stamp out so-called green-washing in financial markets. The ministry said in an update to its Green Finance Strategy “we will ensure market participants have the information and tools …

Britain sets out next steps to green its financial system Read More »

By Foo Yun Chee BRUSSELS (Reuters) – An Italian antitrust fine levied on Volkswagen over its defeat devices may have infringed the German carmaker’s right not to be penalised twice for the same offence, an adviser to Europe’s top court said on Thursday. The case came before the EU Court of Justice (CJEU) after Volkswagen …

EU court adviser says Italy antitrust fine may breach Volkswagen’s rights Read More »

LONDON (Reuters) -Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country’s green energy sector. Britain’s net zero start-ups and renewable energy producers are waiting for the country to respond to …

UK sets out energy plans, critics bemoan lack of clean tech boost Read More »

PARIS (Reuters) – Swiss packaged-food giant Nestle is closing a frozen-pizza factory in northern France that saw sales fall sharply after an E. coli outbreak last year, it said on Thursday. The group had suspended operations at the factory, which French media said employs 140 people, earlier this month. French prosecutors last year opened a …

Nestle closes French Buitoni factory hit by E.coli outbreak Read More »

By Giuseppe Fonte and Alvise Armellini ROME (Reuters) -Italian Prime Minister Giorgia Meloni’s party has presented a bill in parliament to separate retail and investment banks in a move that, if approved, would force a radical overhaul of the country’s banking sector. The proposal by the Brothers of Italy (FdI) party comes in the wake …

Italy PM’s party presents bill to split retail and investment banks Read More »