Reuters UK Business

(Reuters) -Carl Icahn on Friday came down heavily on Illumina Inc, saying its directors demanded extra personal liability insurance against any potential claims related to the acquisition of Grail in 2021 before agreeing to signing off on the deal. In response to Icahn’s claims, Illumina said insurance agreements with its directors were standard and it …

Icahn claims Illumina directors asked for insurance for Grail deal approval Read More »

(Reuters) – Global banks are staring at the biggest crisis since 2008 after two U.S. lenders collapsed, Switzerland’s Credit Suisse sought a government lifeline and America’s top banks agreed to offer a $30 billion rescue deal – all in the space of 10 days. The turmoil has ratcheted up fears of a contagion and prompted …

How the 2023 banking crisis unfolded Read More »

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday dismissed a former Barclays Plc trader’s whistleblower lawsuit accusing the British bank of firing him after he complained it ignored basic risk management and violated its own policies for detecting rogue trading. U.S. District Judge Paul Oetken in Manhattan said Brian La Belle, who …

US judge dismisses ex-Barclays trader’s whistleblower lawsuit Read More »

MILAN (Reuters) -Italy’s top flight soccer club Juventus said on Friday its net loss shrank to 29.5 million euros ($31.7 million) in the first half of its 2022-23 fiscal year as the negative effects of the COVID-19 pandemic faded. The result compares with a restated loss of 112.1 million euros for the same period of …

Juventus says first half loss shrinks as pandemic impact fades Read More »

By Valentina Za and Francesco Canepa MILAN (Reuters) -UniCredit is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, a move that would show it has ample capital and help keep funding costs in check as markets reel from a crisis of confidence. UniCredit …

UniCredit leaning towards repaying AT1 bond in June – source Read More »

(Reuters) – Spanish industrial prices rose 7.8% in February from the same month a year earlier, the same pace as a revised 7.8% in January and the slowest in almost two years, the National Statistics Institute (INE) said on Friday. Electricity, transport and distribution led the increase while prices of gas and refined oil products …

Spain’s industrial prices rise 7.8% year-on-year in February Read More »

LONDON (Reuters) – Business activity across the euro zone unexpectedly accelerated this month as consumers splashed out on services, but weakening demand for manufactured goods deepened the downturn in the factory sector, a survey showed. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge of overall economic health, bounced to a …

Euro zone services firms enjoy buoyant March but factories struggle -flash PMI Read More »

By Sruthi Shankar and Amanda Cooper (Reuters) – Banking stocks fell again on Friday after a tumultuous week with investors worried that the worst problems in the sector since the 2008 financial crisis were not yet contained. The index of top European banks fell 2.2% in early trade with shares in Swiss bank UBS Group …

UBS shares hit as European banks slide Read More »