Reuters UK Business

(Reuters) -Britain’s antitrust watchdog fined pharmaceutical firms Pfizer and Flynn 70 million pounds ($83.61 million) on Thursday for overcharging the National Health Services (NHS) for an epilepsy drug. The Competition and Markets Authority (CMA) in 2016 had fined Pfizer and Flynn about 90 million pounds for inflating Epanutin’s prices by as much as 2,600% to …

UK watchdog fines Pfizer, Flynn $84 million for overcharging NHS Read More »

BRUSSELS (Reuters) – Belgium has raised 1.42 billion euros ($1.44 billion) from its auction of new 5G mobile phone licences, with a fourth operator set to enter the consumer market, telecoms regulator BIPT said late on Wednesday. BIPT concluded the second and final phase of the auction, of the 1,400 megahertz frequency band, yielding 216.5 …

Belgian raises 1.42 billion euros from 5G mobile licence auction Read More »

By Samuel Indyk LONDON (Reuters) – The British pound slid against both the dollar and the euro on Thursday amid worsening risk appetite ahead of the European Central Bank rate decision and amid political turmoil in Italy. The resumption of gas flows from the Nord Stream 1 pipeline had provided some relief but the tone …

Sterling hits two-week low vs euro on worsening risk appetite Read More »

ATHENS (Reuters) -Greece plans to implement rotating power outages as a last resort if Russian gas supplies are disrupted, according to a contingency plan that was announced on Thursday. These emergency measures will be activated only if other actions, including ramping up coal-fired power capacity, asking consumers to reduce power consumption at peak hours and …

Greece to resort to power cuts if Russian gas supplies disrupted – plan Read More »

PARIS (Reuters) – This year’s winter grain crops in France show excellent quality levels and yields within average but results are very heterogeneous, Axereal, one of France’s largest grain cooperatives, said on Thursday. Grain production in France, the European Union’s biggest grower, is expected to fall this year after harsh weather hurt crops in some …

Cooperative Axereal says French grain harvest decent, quality excellent Read More »

By Jesús Aguado MADRID (Reuters) -A rise in lending income, boosted by steady growth in the total loan book and an improvement in customer spreads, drove a recovery in financial margins at Spain’s Bankinter in the second quarter. Banks across Europe have been under pressure from record low interest rates, but that is beginning to …

Bankinter’s Q2 lending income rises on higher rates Read More »

By David French and Ron Bousso NEW YORK/LONDON (Reuters) – Shell is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday. Potential divestments of some aging assets would …

Exclusive: Shell places U.S. Gulf of Mexico assets up for sale – sources Read More »

By David Shepardson and Tim Hepher FARNBOROUGH, England (Reuters) – Boeing Co said on Wednesday it had agreed to invest $50 million in AEI HorizonX, expanding a partnership established with private equity firm AE Industrial Partners to invest in aerospace technology startups. The new funding will anchor AEI HorizonX’s second venture fund (Fund II), which …

Boeing, AE Industrial Partners to launch second venture fund Read More »