Reuters UK Business

By Pushkala Aripaka and Emma Rumney (Reuters) -Diageo CEO Debra Crew has stepped down after two years in the job, the world’s biggest spirits maker said on Wednesday, with finance chief Nik Jhangiani taking over in the interim as the company strives to boost its performance and cut debt. Shares in the maker of Johnnie …

Diageo CEO Crew steps down as company pursues turnaround, cost cuts Read More »

(Reuters) -Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation. The NHTSA said fuel injector in affected vehicles may crack, causing fuel to leak into the …

Ford recalls over 694,000 SUVs in US after year-long fuel leak probe Read More »

DUESSELDORF (Reuters) -Germany’s Rheinmetall is holding talks with several potential bidders for its Power Systems auto supply business, the company said on Wednesday after newspaper Handelsblatt reported it was speaking to financial investor One Equity Partners (OEP). “Rheinmetall has for some time received purchase enquiries from potential interested parties and is in discussions in a …

Rheinmetall talking to several parties over deal for automotive division Read More »

TOKYO (Reuters) -Swiss Bank UBS has re-hired Masazumi Toriyama to head its Japanese unit’s global banking division, according to an internal memo seen by Reuters and confirmed by the company on Wednesday. Toriyama, who previously spent 18 years at UBS, will start on August 4, replacing interim head Yasunori Saku, who will become chairman of …

UBS Japan appoints former veteran Toriyama as head of global banking Read More »

LONDON (Reuters) -Britain launched a life sciences sector plan on Wednesday to a mixed response from the pharmaceutical industry, which welcomed proposals to boost R&D but warned it would fail to keep firms competitive unless there was a deal on drug pricing. Life sciences is one of eight priority sectors under a new industrial strategy …

Britain’s life sciences plan gets mixed reception from pharma industry Read More »

BRUSSELS/BERLIN (Reuters) -EU trade chief Maros Sefcovic headed to Washington on Wednesday for tariff talks, an EU spokesperson told Reuters, adding that he will meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer. President Donald Trump has threatened a 30% tariff on imports from the EU from August 1, a level Europe says …

EU trade chief heads to Washington in search of tariffs solution Read More »

BRUSSELS (Reuters) -European Commission President Ursula von der Leyen declared on Wednesday that her proposed new 2 trillion euro budget for the European Union from 2028-2034 had been designed for a new era”. She added that the plan proposes a shift in how the EU organises key funds, while linking funding closely to the rule …

EU’s von der Leyen says new budget fit for ‘new era’ Read More »