Reuters UK Business

PARIS – The incoming chief executive of Gucci owner Kering, Luca de Meo, told a shareholder meeting on Tuesday he would bring the struggling luxury group back on track, which will include taking “clear and strong” decisions that won’t be easy. Shareholders approved the appointment of the former Renault boss as CEO to revive the beleaguered …

Incoming Kering CEO de Meo: Fixing group requires ‘clear and strong’ decisions Read More »

BUDAPEST (Reuters) – Oil and gas major Shell signed a 10-year natural gas deal with Hungary’s MVM CEEnergy on Tuesday, in a move designed to strengthen its presence in central and eastern Europe. Shell, the world’s biggest liquefied natural gas (LNG) trader, said it would sell around 200 million cubic metres (mcm) of natural gas …

Shell agrees 10-year gas supply deal with Hungary’s MVM CEEnergy Read More »

By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -How can Tesla become an $8.5 trillion company? That’s the market valuation the electric vehicle maker would have to reach to justify CEO Elon Musk’s new pay package announced last week.    Selling 100 million humanoid robots in a year could do it; creating a robotaxi network with …

How does Tesla get to $8.5 trillion value? Robots, robotaxis and hope Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Altai Capital Management is preparing to launch a board fight at OraSure Technologies after the hedge fund, already one of the biggest owners of the medical device maker, increased its holdings, two people familiar with the matter told Reuters. The hedge fund built up its stake from 3% at …

Exclusive-Altai Capital lays groundwork for board fight at OraSure Technologies, sources say Read More »

(Reuters) -Poland’s consumer watchdog said on Tuesday that the Polish unit of Portuguese retailer Jeronimo Martins, owner of the Biedronka supermarket chain, had misled customers over its pricing and promotional campaigns. The Office of Competition and Consumer Protection (UOKiK) alleges that the company used confusing multi-buy promotions, calculated discounts from a regular price rather than …

Polish watchdog says Jeronimo Martins’ Polish unit misled customers Read More »

MADRID (Reuters) – Sabadell Chief Executive Cesar Gonzalez-Bueno expects BBVA to submit a higher offer for his bank, he said on Tuesday, adding that its Spanish competitor’s hostile takeover bid undervalues the lender. His comments came after BBVA on Monday formally launched its around 14.9-billion euro ($17.5 billion) takeover for Sabadell, with some analysts expecting …

Sabadell CEO expects BBVA to improve its offer for the bank Read More »