Reuters UK Business

By Kate Abnett BRUSSELS (Reuters) -Lawmaker groups holding a majority in the European Parliament agreed a deal late on Wednesday to make deeper cuts to the EU’s corporate sustainability law, lawmakers and officials told Reuters. The European Union’s corporate sustainability due diligence directive (CSDDD) was adopted last year and requires companies to fix human rights …

EU Parliament plans to cut back sustainability law further Read More »

PARIS (Reuters) -France’s economy is set to maintain steady growth in the third quarter despite political uncertainty and trade tensions, buoyed by resilient service sector activity, the central bank forecast on Thursday.     The euro zone’s second-biggest economy was on course to grow 0.3% from the second quarter when it also grew 0.3%, the …

French central bank sees third quarter growth of 0.3% despite political instability Read More »

By Marie Mannes and Tim Hepher STOCKHOLM/PARIS (Reuters) -Turkish Airlines could switch a recently announced order for Boeing 737 MAX jets to rival Airbus if talks with engine supplier CFM fail to make progress, the airline’s chair Ahmet Bolat said. The unexpected warning comes after the Turkish flag carrier announced a tentative order with Boeing …

Turkish Airlines may switch Boeing 737 order to Airbus if engine talks fail, chair says Read More »

By Giulio Piovaccari MARANELLO, Italy (Reuters) -Ferrari has unveiled the technology which will power its hotly-anticipated first electric car, the Elettrica, as the 78-year-old luxury Italian sportscar maker looks to add battery power to its hybrid and petrol-engine models. In a closely-guarded event at its Maranello headquarters, a Ferrari-red cover was pulled back on a …

Ferrari lifts the hood on EV tech in maiden electric car Read More »

(Reuters) -London’s FTSE 100 retreated from the previous session’s record high on Thursday, as a decline in the shares of HSBC weighed on the banking sector. The blue-chip FTSE 100 fell 0.4%, while the mid-cap-focused FTSE 250 was up 0.05%. HSBC dropped 5.4%, logging its steepest one-day drop in more than six months. The bank …

London’s FTSE 100 retreats from highs as HSBC weighs on bank stocks Read More »

MEXICO CITY (Reuters) -Citigroup on Thursday rejected Mexican mining and transport conglomerate Grupo Mexico’s bid for its retail unit in the country, known as Banamex, opting instead to push forward with a previously agreed-upon deal. Grupo Mexico surprised last week when it made an unsolicited $9.3 billion offer for Banamex, more than two years after …

Citi rejects Grupo Mexico bid for Banamex unit Read More »

By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi bank is focused on completing its integration with Mediobanca as quickly as possible, its CEO said on Wednesday, when asked about potential interest in Banco BPM. MPS last month wrapped up its 16 billion euro ($19 billion) stock-and-cash acquisition of Mediobanca, the largest deal so far …

Italy’s MPS works well with BPM but focus is on integrating Mediobanca, CEO says Read More »

By Maggie Fick and Mariam Sunny (Reuters) -Novo Nordisk said on Thursday it would buy U.S.-based Akero Therapeutics for up to $5.2 billion to gain access to a promising liver disease drug candidate, in the first major deal by the Danish drugmaker’s new CEO to spur growth. Mike Doustdar, who took the helm at the …

Novo to buy Akero for up to $5.2 billion in new CEO’s revival push Read More »