Reuters UK Business

By Shashwat Chauhan and Pranav Kashyap (Reuters) -European stocks slipped on Monday, pressured by automakers despite gains in tech and mining, while Madrid’s benchmark closed at its lowest in over a week. The pan-European STOXX 600 fell as much as 0.4% before closing 0.1% lower, weighed down by defensive stocks such as Unilever and Nestle. …

Stocks fall in Europe as automakers weaken; Spanish equities at over one-week low Read More »

By Maggie Fick LONDON (Reuters) -Swiss drugmaker Roche signalled its ambition to join Eli Lilly and Novo Nordisk at the top of the booming weight-loss market on Monday, as it advanced one of its experimental obesity drugs into a late-stage trial. Shares were up 2.8% in afternoon trading, outperforming a broadly unchanged European healthcare index. …

Roche, muscling into weight-loss drug race, advances obesity treatment to late-stage trial Read More »

(Reuters) -London stocks closed modestly higher on Monday, as gains in mining shares helped offset losses in automakers, while investors awaited key economic data and comments from U.S. Federal Reserve officials. The benchmark FTSE 100 was up 0.11%, while the domestically-focused FTSE 250 rose 0.07%. Precious metal miners rose 6.1%, the most among sectors, as …

London stocks edge higher on boost from miners Read More »

BERLIN (Reuters) -Airport disruptions that affected automated check-in systems in recent days were caused by a ransomware attack, the EU’s cybersecurity agency said on Monday, highlighting the growing risks of such attacks to critical infrastructure and industries. Several of Europe’s biggest airports still faced disruptions on Monday after hackers knocked out automated check-in systems provided …

EU agency confirms ransomware attack behind airport disruptions Read More »

By Jesús Aguado MADRID (Reuters) -Spanish bank BBVA said on Monday it had raised its bid for smaller rival Sabadell by 10% to 17 billion euros ($19.95 billion), as part of its attempt to create the country’s second-biggest bank by assets. BBVA first made its move on Sabadell in April 2024, which turned hostile a …

Spain’s BBVA bank increases Sabadell bid to 17 billion euros in takeover battle Read More »

By Sneha S K and Patrick Wingrove (Reuters) -Bristol Myers Squibb (BMS) plans to launch schizophrenia drug Cobenfy in the UK next year at a price matching its U.S. list price, it said on Monday.  Cobenfy, a new type of antipsychotic medicine that activates proteins called muscarinic receptors in the central nervous system, carries a …

Bristol Myers plans UK launch of schizophrenia drug Cobenfy, matching US price Read More »

By Shadia Nasralla LONDON (Reuters) -BP has stopped work on its Rotterdam biofuels plant, a company spokesperson said on Monday, marking the latest in a string of abandoned biofuels projects by oil companies such as BP and Shell in the face of weak demand. Years of share price underperformance after an ill-fated foray into renewables …

BP abandons plans to build Rotterdam biofuels plant Read More »