Reuters UK Business

By Philip Blenkinsop and Michel Rose BRUSSELS (Reuters) -France denounced the trade agreement between the European Union and the U.S. as a “submission” on Monday though other EU states largely backed a deal they acknowledged was lopsided but which averts an economically damaging trade war with Washington. The framework deal, announced on Sunday between two …

Angry France slams US trade pact ‘submission’ as EU peers breathe sigh of relief Read More »

(Reuters) -A consortium led by Nordic Capital and Permira has made an around $3 billion offer to buy all shares in Bavarian Nordic, the vaccine maker said on Monday. Innosera, a newly formed company controlled by the consortium, will make an offer of 233 Danish crowns per Bavarian Nordic share. The Danish company is recommending …

Nordic Capital, Permira make $3 billion offer for vaccine maker Bavarian Nordic Read More »

(Reuters) -Liquefied natural gas developers led gains for U.S. energy companies in early trading on Monday, after the European Union pledged $750 billion worth in strategic purchases as part of a sweeping trade pact. The framework trade deal, which ended months of uncertainty for industries and consumers on both sides of the Atlantic, calls for …

US LNG producers climb as EU agrees to $750 billion in energy purchases Read More »

DUBAI (Reuters) -HSBC has appointed Mohammed Fannouch as co-head of capital markets and advisory (CMA) for the Middle East, North Africa and Turkey (MENAT), the bank said in a statement on Monday. Fannouch, who joined HSBC in 2008, will continue to be based in Saudi Arabia’s capital Riyadh, where he most recently served as co-head …

HSBC names Mohammed Fannouch co-head of capital markets and advisory for MENAT region Read More »

By Emma Rumney and Jessica DiNapoli LONDON/NEW YORK (Reuters) -European Union wine and spirits producers could emerge among the few winners of a EU-U.S. trade deal agreed at the weekend that some European officials consider unbalanced. The high-level agreement, which imposes a 15% baseline duty for most EU goods entering the United States, is set …

Explainer-Why Big Alcohol needs US tariff relief in five charts Read More »

MADRID (Reuters) -Spain’s second-largest oil refiner Moeve, formerly known as Cepsa, said on Monday the massive power blackout that hit Spain and Portugal cost it more than 50 million euros ($58 million), and it was considering legal action. Adjusted net income dropped to 324 million euros ($378 million) during the first half of the year, …

Spanish oil company Moeve’s profit hit by 50-million-euro blackout cost Read More »

By Maggie Fick LONDON (Reuters) -A U.S. ban on copycat versions of Novo Nordisk’s Wegovy has begun to lift use of the weight loss drug, but the company will need to show more robust growth in the months ahead to bolster market confidence, investors and analysts say. New Wegovy prescriptions have increased by about 33% …

Novo Nordisk faces ‘show me’ moment to boost Wegovy growth after US copycat ban Read More »

By Dmitry Antonov, Filipp Lebedev and Gleb Stolyarov MOSCOW (Reuters) -Russian airline Aeroflot was forced to cancel more than 50 round-trip flights on Monday, disrupting travel across the world’s biggest country, as two pro-Ukraine hacking groups claimed to have inflicted a crippling cyberattack. The Kremlin said the situation was worrying, and lawmakers described it as …

Pro-Ukrainian hackers claim massive cyberattack on Russia’s Aeroflot Read More »