By Louise Rasmussen and Jessica DiNapoli BRUSSELS/NEW YORK, Dec 8 (Reuters) – The European Commission has approved Mars’ $36 billion bid to acquire Pringles maker Kellanova, it said on Monday, after opening a full-scale investigation into the takeover in June, citing concerns over higher prices. The takeover, among the biggest in the snacks sector, will …
EU Commission clears Mars’ $36 billion Kellanova deal Read More »
By Philip Blenkinsop and Kate Abnett BRUSSELS, Dec 8 – The European Union has delayed by a week the release of closely watched proposals for the auto sector that could weaken a 2035 ban on new CO2-emitting cars, the European Commission confirmed on Monday. Earlier, a draft Commission agenda seen by Reuters showed the bloc …
EU delays auto proposals, carbon border tariff plans likely also postponed Read More »
By James Davey LONDON, Dec 8 (Reuters) – Britons feeling the pinch are spreading the cost of Christmas by shopping earlier and swapping festive meals out for dining in, the boss of the UK arm of German discounter Aldi said on Monday. UK consumer confidence remains fragile following the government’s tax-raising budget last month, and …
UK shoppers cut Christmas costs by buying early and dining in, says Aldi Read More »
By Jessica DiNapoli NEW YORK, Dec 7 (Reuters) – The chair of Ben & Jerry’s independent board said she has no plans to resign as Unilever pressures her ahead of Monday’s public spinoff of its Magnum ice cream division, which will include the Vermont-based brand. Magnum, a longtime division of the consumer goods conglomerate, said …
By Alexander Marrow and Dimitri Rhodes LONDON, Dec 8 (Reuters) – The Magnum Ice Cream Company listed on Monday with a valuation of some 7.8 billion euros ($9.1 billion), below analyst expectations, with some investors unsure its sugar-heavy product can succeed as consumers grow more health-conscious. The firm, now the world’s largest standalone ice cream …
Magnum’s $9.1 billion ice cream listing leaves some investors cold Read More »
LONDON, Dec 8 (Reuters) – Britain’s trade minister will visit the United States this week for trade talks, after announcing a deal that would eliminate tariffs on pharmaceutical and medical products in return for the UK agreeing to pay higher prices for new drugs. Britain became the first country to agree a deal to cut …
UK trade minister to visit US this week for talks on tariffs Read More »
By Anant Chandak BENGALURU, Dec 8 (Reuters) – The Swiss National Bank will keep its policy rate unchanged at zero for a second consecutive meeting on Thursday and through 2026 as inflation hovers near the bottom of its target range, according to most economists in a Reuters poll who said the risk of negative rates …
MILAN, Dec 8 (Reuters) – Shares in Italy’s Monte dei Paschi di Siena rose on Monday, lifted by a weekend report that markets regulator Consob found no evidence of a secret accord among the bank’s top shareholders to seize control of Mediobanca. Shares in state-backed MPS have been under pressure due to a probe by …
Dec 8 (Reuters) – L’Oreal will double its stake in Swiss skin care firm Galderma to 20%, it said on Monday, potentially earning the French company a bigger cut of profits from the booming market for injectable cosmetics like lip filler and anti-wrinkle treatments. L’Oreal is buying the stake for an undisclosed sum from a …
L’Oreal to increase stake in skin care firm Galderma to 20% Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Dec 8 (Reuters) – German warship builder TKMS expects to decide in the next few weeks on whether to buy neighbouring shipyard German Naval Yards Kiel (GNYK), its CEO Oliver Burkhard said on Monday, as the group considers expansion to meet rising demand. TKMS, which was spun off …
German warship maker TKMS to soon decide on possible GNYK takeover Read More »
