Reuters UK Business

By Foo Yun Chee and Makini Brice BRUSSELS (Reuters) -SAP’s business practices may have improperly hindered its rivals, according to an EU antitrust investigation launched on Thursday, though Europe’s largest software maker said it did not expect any financial impact from the probe. The European Commission, which acts as the bloc’s competition enforcer, singled out …

SAP’s software practices targeted in EU antitrust investigation Read More »

By Virginia Furness LONDON (Reuters) -Company earnings could fall by as much as 25% over five years due to nature degradation, Barclays said, as rising input costs and operational disruptions driven by policy changes and worsening environmental conditions begin to bite. According to an exploratory stress test conducted by Barclays Bank on a portfolio of …

Nature loss could cut mining, power earnings by a quarter, Barclays finds Read More »

ISTANBUL (Reuters) -Turkey’s competition authority said on Thursday that it has launched an investigation into Spotify to look into possible discriminatory practices and predatory pricing in the online music streaming market. The probe will examine whether Spotify favors certain rights holders in its algorithms, and whether its subscription pricing in Turkey is set at levels …

Turkish competition authority launches probe into Spotify Read More »

MILAN (Reuters) -Shareholders in Italy’s Saipem approved on Thursday a planned merger with Norwegian rival Subsea7, paving the way to the creation of a leading global player in offshore energy services. All the investors attending the meeting, who accounted for 62.15% of the share capital with voting rights, backed the tie-up that was announced earlier …

Saipem’s investors approve merger with Norwegian oil contractor Subsea7 Read More »

MADRID (Reuters) -Spain’s stock market supervisor said on Thursday it had authorised banking group BBVA’s improved 17 billion euro ($20 billion) bid for smaller rival Sabadell, which was announced on Monday. Shareholders will now have until October 10 to tender their shares, compared with October 7 for the previous offer, with results expected to be …

Spain’s market supervisor authorises bank BBVA’s higher offer for Sabadell Read More »

SOFIA (Reuters) -Bulgaria will suspend Russian gas transit for short-term contracts in 2026 as part of European Union plans to cut off Russian gas imports completely, Prime Minister Rosen Zhelyazkov told Bulgarian news agency BTA. The European Union initially planned to cut off imports of Russian gas by the end of 2027, which would end …

Bulgaria to suspend Russian gas transit for short-term contracts in 2026, prime minister says Read More »

(Reuters) -Philips is actively engaged with policymakers in Washington about investigations into U.S. imports of medical technology items but does not expect an immediate impact from the probes, it said on Thursday. The U.S. Department of Commerce said on Wednesday it had opened new national security investigations into the import of personal protective equipment, medical …

Philips in talks with US over probes of medical technology imports Read More »