By Patrick Wingrove and Bhanvi Satija (Reuters) – Novo Nordisk said on Tuesday it would cut U.S. list prices for several insulin products by up to 75% next year, joining rival Eli Lilly and Co as political pressure mounts to make these life-sustaining diabetes treatments more affordable. The moves follow the passing of President Joe …
Novo Nordisk to slash US insulin prices, following move by Eli Lilly Read More »
(Reuters) -Shares of AMC Entertainment Holdings Inc tumbled about 17% on Tuesday after shareholders voted in favor of converting the company’s preferred stock into common shares. Shareholders also approved a one-for-ten reverse share split. The approval of the measures at Tuesday’s shareholder meeting comes as AMC faces an April 27 hearing in a lawsuit claiming …
AMC tumbles as shareholders approve plan to convert APE preferreds Read More »
(Reuters) – The swift downfall of SVB Financial Group after rising interest rates brought on a tumultuous period for once high-flying technology startups has impaired virtually every asset class from money markets to forex. The stunning collapse of the Santa Clara-based lender that focused primarily on tech startups was the biggest since Washington Mutual went …
LONDON (Reuters) -Thousands of British drivers at National Express halted “all out strikes” that were due to start this week to vote on an improved pay offer from the employer, their union said on Monday. Britain has been dealing with a wave of industrial unrest since last year due to a cost-of-living crisis, with workers …
Thousands of bus drivers at UK’s National Express halt strikes Read More »
By Andy Bruce MANCHESTER, England (Reuters) – Dealers expect Britain to ramp up issuance of government bonds in the coming financial year, although by less than suggested by Debt Management Office (DMO) forecasts published in November, a Reuters poll showed on Tuesday. Finance minister Jeremy Hunt looks set to keep his grip on public finances …
Dealers see UK gilt issuance around 232 billion pounds in 2023/24: Reuters poll Read More »
(Reuters) -Centrica Plc said on Tuesday it expects to add six terawatt hours to its electricity generation volume between 2024 and 2026, following the extension of the operating life of two nuclear power stations in England. EDF Energy, which operates the Heysham 1 and Hartlepool plants in Britain, said last week it would extend the …
Centrica expects boost to power generation from extension of nuclear plants’ life Read More »
BERLIN (Reuters) – Volkswagen will share the outcome of a mock listing exercise for its brands and Volkswagen Group instigated by Chief Executive Oliver Blume at a capital markets day on June 21, Blume said on Tuesday. The carmaker intended to keep its combustion engine models competitive for as long as they are on the …
Volkswagen: to share results of mock listing exercise in June Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Union is set to propose legislation on Tuesday to encourage countries to use more long-term, fixed-price electricity contracts to help shield consumers from price spikes. The European Commission pledged last year to reassess the electricity market rules after Russia cut gas supplies to Europe, leading to record-high …
Factbox-Europe’s draft plan to cushion power price spikes Read More »
MILAN (Reuters) – Italy’s biggest gas distributor Italgas said on Tuesday it had entered into exclusive talks with Veolia Environnement to acquire stakes in Italian water companies owned by the French group. Italgas said that Veolia had granted it an exclusivity period until May 10 to complete due diligence activities, without providing financial details. Under …
Italgas in exclusive talks to buy Veolia’s Italian water assets Read More »
MADRID (Reuters) -Spanish consumer prices rose 6.0% in the 12 months through February, up from 5.9% in the period through January, final data released by the National Statistics Institute (INE) showed on Tuesday. The final reading was lower than the 6.1% flash estimate released by INE two weeks ago. Analysts polled by Reuters had also …
Spain’s inflation in February revised to 6.0%, food prices rise Read More »
