Reuters UK Business

MILANO (Reuters) -Italian food and beverage manufacturer Newprinces said on Friday it would consider other acquisitions, if the opportunity arises, after buying Carrefour’s loss-making business in Italy. “The M&A market is not something that you can control… If we find an interesting opportunity we will try to get it”, Newprinces finance Fabio Fazzari said in …

Newprinces open to further acquisitions after Carrefour’s Italian business Read More »

By Paolo Laudani (Reuters) -Testing and inspection group SGS extended its string of acquisitions with three new companies on Friday, as its half-year revenue grew 5.3% organically and met market expectations. The Zurich-listed group has been active on the M&A space, having bought 12 companies so far this year with locations ranging from Australia to …

Testing group SGS’s revenue grows, says strong franc doesn’t stop M&A spree Read More »

By Rashika Singh and Deborah Mary Sophia (Reuters) -Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, a potentially drastic move by the new CEO to cut spending and revive the struggling American icon. Lip-Bu Tan said on Thursday he would further …

Intel slumps as potential foundry exit deepens investor gloom Read More »

By Julia Payne and Jan Strupczewski BRUSSELS (Reuters) -European Commission President Ursula von der Leyen will meet U.S. President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend. The deal would likely include a 15% baseline tariff on all EU goods entering …

EU, US could reach framework trade deal this weekend, EU officials say Read More »

By Sanchayaita Roy, Twesha Dikshit and Ragini Mathur (Reuters) -European shares closed lower on Friday, as investors assessed mixed corporate earnings while awaiting updates on a framework of an EU-U.S. trade deal that officials said could be reached as early as this weekend. Investors navigated the peaks and troughs around a potential agreement between the …

European shares settle lower as investors gauge mixed earnings, EU-US trade progress Read More »

(Corrects paragraph 8 to say propellant offers 99.9% lower global warming potential, not “up to 99.9%”, after company clarification) (Reuters) -A panel of the European medicines regulator has recommended approving an eco-friendly version of AstraZeneca’s inhaler for the treatment of a chronic lung condition, the drugmaker said on Friday. The European Medicines Agency’s Committee for …

AstraZeneca’s eco-friendly version of smoker’s lung inhaler gets EU panel backing Read More »