Reuters UK Business

BRUSSELS (Reuters) -Synthetic turf maker Eurofield SAS and its parent Unanime Sport SAS were fined 172,000 euros ($202,065.60) by EU antitrust regulators on Monday for providing incomplete replies to requests for information related to a synthetic turf cartel investigation. The European Commission, which raided several companies in several EU countries in June 2023 but did …

Synthetic turf maker Eurofield, parent Unanime Sport hit with $202,000 EU antitrust fine Read More »

By Emilio Parodi MILAN (Reuters) – Stellantis and Ferrari Chairman John Elkann has agreed to do a year of community service and pay a negotiated sum to settle a tax dispute over the inheritance from his grandmother, Italian prosecutors said on Monday. Elkann and his siblings Lapo and Ginevra will jointly pay 183 million euros …

Ferrari chair John Elkann agrees to community service to end tax fraud case Read More »

LONDON (Reuters) – French Prime Minister Francois Bayrou lost a confidence vote on Monday, plunging the euro zone’s second largest economy deeper into political crisis. The euro showed little initial reaction, showing a 0.2% daily rise to trade at $1.1743, down from an earlier high of $1.1756, while French bond and stock futures both held …

Instant View:French government loses no-confidence vote in parliament Read More »

By Alicia Powell (Reuters) -Established apparel brands including Coach , Michael Kors , and Calvin Klein will hit the runway alongside emerging labels at the New York Fashion Week (NYFW), which kicks off on September 11.  Yet, the event’s unity is being tested as some of its most influential designers are opting to stage their …

New York Fashion Week opens this week amid fragmented luxury backdrop Read More »

By Tristan Veyet and Johann M Cherian (Reuters) – European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the day that lead to the ouster of the country’s fifth prime minister in three years. French Prime Minister Francois Bayrou lost …

European shares end higher amid all eyes on French no-confidence vote Read More »

BRUSSELS (Reuters) -All European carmakers except Mercedes-Benz are on track to meet the European Union’s 2025-2027 carbon emission targets thanks to an expected surge in sales of new electric vehicles, according to a report published on Monday. Research and campaign group Transport & Environment forecast a marked improvement from first-half sales in 2025, when only …

EU carmakers close in on emission goals, but Mercedes lags, says report Read More »

(Reuters) – Britain’s FTSE 100 edged higher on Monday, led by industrials and bank stocks, while losses in consumer staples and healthcare kept gains in check. The blue-chip FTSE 100 closed up 0.1%, while the domestically-focused mid-cap index added 0.5%. Boosting the FTSE 100, bank stocks rose 1.1%, bouncing back following a slide on Friday, …

FTSE 100 closes higher on boost from banks, industrials Read More »