Reuters UK Business

By Alberto Chiumento and Alessandro Parodi (Reuters) -Italy’s five listed asset gatherers reported combined net inflows of 3.36 billion euros ($3.94 billion) in June, down 3% from 3.47 billion euros in the same month of 2024. Net inflows into more lucrative managed assets rose 45% from the same month of last year, to a combined …

Italian asset gatherers’ net inflows into managed assets up 45% y/y in June Read More »

(Reuters) -Britain’s Financial Conduct Authority (FCA) said on Thursday it will review existing client categorisation rules to ensure that they are proportionate for professional and retail clients, to boost investment in capital markets. As part of its growth initiatives, the regulator said it will change prospectus rules, eliminate unnecessary data reporting requirements and simplify capital rules …

UK watchdog to simplify client rules, slash legal text to boost capital markets investment Read More »

PRAGUE (Reuters) -A high-voltage power line that snapped at the start of a major power outage in the Czech Republic on Friday was not over-burdened at the time, grid operator CEPS said on Thursday, adding it was still investigating the cause. The outage hit about million customers, halted hundreds of trains, and shut down industrial …

Power line that triggered major Czech outage was not over-burdened, operator says Read More »

ISTANBUL (Reuters) -The Turkish Competition Authority said on Thursday it had decided to impose an administrative fine of around 355 million lira ($8.87 million) on Google for failing to comply with regulatory obligations. In a statement, the antitrust body said Google was found to have implemented certain designs that violated regulations during the compliance process …

Turkey’s competition board imposes $8.9 million fine to Google Read More »

(Reuters) -Airbus said on Thursday that Lars Wagner would become the CEO of its commercial aircraft business from January 1, 2026. The current CEO of MTU Aero Engines will join the French planemaker from the start of November 2025 to ensure a smooth transition as he takes over from Christian Scherer, the company said. (Reporting …

Airbus taps Lars Wagner as CEO of its commercial aircraft business from 2026 Read More »

LONDON (Reuters) -Pfizer and its German partner BioNTech asked London’s Court of Appeal on Thursday to overturn a ruling that their COVID-19 vaccine infringed one of Moderna’s patents, in the latest round of a long-running legal dispute between the two sides. A year ago, the High Court ruled that one of Moderna’s two patents relating …

Pfizer, BioNTech ask UK court to overturn Moderna’s COVID vaccine patent win Read More »