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(Reuters) -A Paris court on Wednesday ordered Sanofi and its Winthrop unit to pay 150.7 million euros ($177.1 million) in damages to France’s national health insurance fund (CNAM) for anti-competitive practices related to its anti-clotting drug Plavix. The ruling by the Paris appeals court stems from a 2013 decision by France’s competition authority that fined …

French court orders Sanofi to pay $177 million for anti-competitive behaviour Read More »

FRANKFURT (Reuters) -Commerzbank said on Wednesday that it would begin to buy back up to 1 billion euros ($1.18 billion) in shares starting on Thursday, a move that comes as it seeks to remain independent with Italy’s UniCredit calling for a tie-up. The German lender had already announced in August its intentions to buy back …

Commerzbank details $1.2 billion buyback as it keeps UniCredit at bay Read More »

By Shashwat Chauhan, Amir Orusov and Pranav Kashyap (Reuters) -European stocks slipped on Wednesday as commodity and defence rallies faced resistance from heavyweight healthcare and luxury names, with investors parsing fresh signals from Federal Reserve Chair Jerome Powell. The pan-European STOXX 600 closed 0.2% lower, while regional bourses were mixed. The French benchmark led losses, …

Europe stocks slip; commodity, defence rallies offset by luxury losses Read More »

LONDON (Reuters) -Britain’s energy regulator Ofgem will require all major suppliers to offer lower standing charge tariffs by the end of January 2026, it said on Wednesday, while adding that the move was unlikely to reduce overall bills. Standing charges are daily fixed fees added to unit prices customers pay for gas and electricity, designed …

UK energy regulator Ofgem to enforce lower standing charges Read More »

By Valentina Za, Giuseppe Fonte and Cristina Carlevaro MILAN (Reuters) -Monte dei Paschi di Siena’s bold takeover of Mediobanca is the biggest deal yet in a merger wave transforming Italian banking, and its CEO has said it will position the combined entity for a further round of consolidation. Immediately at stake is a government ambition …

Analysis-MPS-Mediobanca takeover opens new chapter in Italian banking saga Read More »

By Giuseppe Fonte ROME (Reuters) -The Rome government will set conditions on a possible tie-up between Banco BPM and the Italian unit of France’s Credit Agricole, Economy Minister Giancarlo Giorgetti said on Wednesday. Banco BPM is looking for a merger partner after escaping a takeover attempt by rival UniCredit, and CEO Giuseppe Castagna has listed …

Italy to set conditions on any Banco BPM-Credit Agricole deal Read More »

(Reuters) -Britain’s FTSE 100 closed higher on Wednesday, led by miners and defence stocks, while investors assessed corporate updates and measured comments by Federal Reserve Chair Jerome Powell. The benchmark FTSE 100 reversed earlier losses to gain 0.3%. An index of industrial metal miners rose 3% after copper prices on the London Metal Exchange jumped …

Miners, defence stocks lifts FTSE 100, investors assess Fed Chair’s remarks Read More »