Reuters UK Business

(Reuters) – Mitchells & Butlers Plc said on Wednesday recent sales in the new fiscal year were encouraging, but the British pub and restaurant group flagged challenges arising from surging energy and labour costs, after posting a 53% jump in annual profit. The Birmingham-based group’s warning on expenses comes at a time when a worsening …

Pub group Mitchells & Butlers flags mounting cost pressures after profit jump Read More »

FRANKFURT (Reuters) – Deutsche Bank-owned fund manager DWS on Wednesday said it would divest businesses and reduce its footprint in measures that would create 100 million euros in savings by 2025 to be reallocated to growth areas. The fund manager also said it would propose a dividend of up to 1 billion euros ($1.04 billion) …

Deutsche Bank’s DWS plans divestments and special dividend Read More »

PARIS (Reuters) – France’s Credit Agricole sold the first tranche of its majority stake in Credit du Maroc, the bank said on Wednesday, as part of a deal to transfer the unit to Morocco’s Holmarcom group. “This transaction occurred after having obtained the required regulatory approvals in line with the schedule announced in April 2022,” …

France’s Credit Agricole sells first chunk of its majority stake in Credit du Maroc Read More »

By Martin Coulter LONDON (Reuters) – Tony Fadell, a well-known Silicon Valley executive known as the father of the iPod, on Tuesday unveiled his latest project – a hardware wallet used to store cryptocurrency offline. Fadell, 53, spent almost a decade at Apple under Steve Jobs, where he oversaw the design of the portable music …

Man behind the iPod launches new cryptocurrency wallet Read More »

By Brendan Pierson (Reuters) – Drugmakers GSK Plc, Pfizer Inc, Sanofi SA and Boehringer Ingelheim on Tuesday defeated thousands of U.S. lawsuits claiming that the heartburn drug Zantac caused cancer, as a judge found the claims were not backed by sound science. The ruling by U.S. District Judge Robin Rosenberg in West Palm Beach, Florida, …

GSK, Pfizer, Sanofi escape U.S. federal litigation over Zantac Read More »

By Joanna Plucinska PARIS (Reuters) -EasyJet on Tuesday averted a French cabin crew strike over the Christmas holidays after it agreed to raise base pay by 7.5% while paying an additional 3,000 euro ($3,152) bonus to staffers. The concession highlights the continued pressure on easyJet and airlines to agree better terms and wages to retain …

EasyJet averts cabin crew strike in France as it clinches deal with unions Read More »

By Can Sezer and Jonathan Saul ISTANBUL (Reuters) -At least 20 oil tankers queuing off Turkey face more delays to cross from Russia’s Black Sea ports to the Mediterranean as operators race to adhere to new Turkish insurance rules added ahead of a G7 price cap on Russian oil, industry sources said. Turkish maritime authorities …

Oil tankers queuing to transit Turkish straits face more delays -sources Read More »

LONDON (Reuters) -British Prime Minister Rishi Sunak’s government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party’s lawmakers who had demanded they should be permitted with local support. Sunak had opposed relaxing the ban on onshore farms in his campaign to become British leader just …

UK government to ease ban on onshore wind farms to head off revolt Read More »

By Tim Hepher PARIS (Reuters) -Airbus on Tuesday abandoned a numerical forecast for jet deliveries and a date for its key production goal, but maintained financial targets as it limps towards the end of a year haunted by disruption in factories and supply chains. The world’s largest planemaker said its previous target of “around 700” …

Airbus drops 2022 delivery forecast, softens output goal Read More »