Reuters UK Business

Online grocer Rohlik bets on services, advertising as it mulls IPO

By Michael Kahn PRAGUE (Reuters) -With European consumers still cautious, Prague-based online grocer Rohlik Group is bolstering its profit by offering services to other retailers and selling advertising space to food brands as it considers a possible initial public offering, Rohlik founder and chief executive Tomas Cupr told Reuters in an interview. The privately held …

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France hits Google with $381 million fine for consumer protection failures

PARIS (Reuters) -France’s data protection authority said on Wednesday it had fined Alphabet’s Google 325 million euros ($381 million) for improperly displaying ads to Gmail users and using cookies, both without Google account users’ consent. The Commission Nationale de l’Informatique et des Libertés (CNIL) also gave Google six months to ensure ads are no longer …

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Big Food goes small: Kraft Heinz bets on simplicity to boost shares

By Abigail Summerville -Investment bankers had pitched a breakup to Kraft Heinz for years without success, sources said. The company finally agreed to a split when it realized that two simpler companies would be easier to manage and understand, garnering higher stock prices. This strategy is gaining momentum in the world of food & beverage conglomerates. …

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Lockheed Martin wins $9.8 billion Patriot missile contract

By Shivansh Tiwary and Mike Stone (Reuters) -The U.S. Army awarded Lockheed Martin a $9.8 billion contract for Patriot missiles, the company said on Wednesday, as demand for the missile defense interceptor from the U.S. and foreign militaries continues. It is the largest order ever of Patriot missiles. Lockheed is manufacturing the newest version of …

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EU regulator flags surge in online sales of counterfeit weight-loss drugs

(Reuters) -The European Union’s medicines regulator said on Wednesday there has been a surge in illegal medicines marketed as weight-loss and diabetes medicines online in recent months across the region, and warned about a serious risk to public health. Global shortages of these drugs have fueled demand for compounded versions, particularly in the United States. …

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Burberry to reclaim FTSE 100 spot in quarterly index shuffle

(Reuters) -Luxury fashion house Burberry is set to re-enter the FTSE 100 index later this month, regaining its spot in the blue-chip benchmark after dropping out in late 2024, global index provider FTSE Russell said on Wednesday. Burberry, along with Metlen Energy and Metals, will join the index as part of FTSE Russell’s latest quarterly …

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Instagram rolls out iPad app with Reels at the center to take on TikTok

(Reuters) -Instagram launched a dedicated iPad application on Wednesday, placing its short-form video feature Reels at the center of the redesigned interface as parent company Meta intensifies competition with TikTok. The app addresses longstanding complaints about Instagram’s iPad experience, which previously required using a scaled-up iPhone version with blurry visuals and missing features. The new …

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Unilever to review top 200 roles under turnaround strategy

(Reuters) -Unilever will review its top 200 roles for a 25% “refresh”, the consumer goods giant said at the Barclays Global Consumer Staples Conference on Wednesday. The review is part of the group’s wider organizational and operational changes, including trimming 7,500 jobs globally, in a bid to address underperformance and boost margins. The Dove soap …

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Italy’s Monte dei Paschi hits minimum take-up goal in Mediobanca bid

MILAN (Reuters) -Italian state-backed bank Monte dei Paschi di Siena (MPS) has secured 38.5% of rival Mediobanca, bourse data showed on Wednesday, exceeding the minimum ownership threshold targeted under its hostile bid. Monte dei Paschi (MPS) hit its minimum take-up goal of 35% after adding a 750 million euro ($878 million) cash sweetener on Tuesday, …

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