Reuters UK Business

By Sheila Dang (Reuters) – Twitter Inc investors blocked the re-election of an ally of Elon Musk to the board at an annual meeting on Wednesday that avoided the biggest question for the social media company: will it complete a $44 billion sale to the billionaire. Investors voted against Egon Durban, the co-head of private …

Twitter investors vote against re-electing Elon Musk ally to board Read More »

By Mike Spector and David Shepardson NEW YORK/WASHINGTON (Reuters) – The U.S. business of Fiat Chrysler Automobiles has agreed to plead guilty to criminal conduct and pay roughly $300 million in penalties to resolve a multi-year emissions fraud probe surrounding vehicles with diesel engines, people familiar with the matter said. FCA US LLC, now part …

Exclusive – Stellantis unit FCA reaches plea deal in U.S. emissions probe – sources Read More »

LONDON (Reuters) -British finance minister Rishi Sunak will set out more details on Thursday of the government’s response to the growing cost-of-living pressures facing households, a spokesperson for his department said. This is expected to include a 10 billion pound ($12.6 billion) package of support to help with rising energy bills, an energy industry source …

UK to set out new support to tackle cost-of-living pressures, funded by windfall tax Read More »

LONDON (Reuters) – Ocado Retail, the British online grocer owned by Ocado Group and Marks & Spencer, slashed its growth outlook on Wednesday as its customers ordered fewer items against the backdrop of a growing cost of living crisis. The retailer said it expected sales this financial year to grow in the low single digits …

UK online grocer Ocado Retail cuts growth forecast in tough market Read More »

LONDON (Reuters) – The British government has issued a licence that permits the sale of Chelsea to a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital, sports minister Nadine Dorries said on Wednesday. Current owner Roman Abramovich is subject to sanctions by the British government. He put the London …

Soccer-UK govt issues licence for Chelsea sale to Boehly-led consortium Read More »

LISBON (Reuters) – Ryanair Group Chief Executive Michael O’Leary expects the load factor to rise to 92% in May from 91% in April and then to 94-95% in June-August, practically reaching pre-coronavirus pandemic levels, with bookings looking very strong. He told Reuters on Wednesday Europe’s biggest budget airline was likely to end this month with …

Ryanair sees over 15 million passengers in May, load factor rising through summer Read More »

By Richa Naidu LONDON (Reuters) -Danone SA has been doubling shipments to the United States of Neocate formula for infants allergic to cow’s milk while Enfamil maker Reckitt is also working to boost supplies amid a nationwide shortage, company executives said on Wednesday. Top manufacturer Abbott Laboratories in February recalled dozens of types of its …

Danone, Reckitt race to ramp up US baby formula supply amid shortage Read More »