Reuters UK Business

By Oliver Hirt ZURICH (Reuters) -Swiss banks UBS and Pictet said on Wednesday they had suffered a data leak due to a cyber attack on a provider in Switzerland that did not compromise client information, although a report said thousands of UBS workers’ data was affected. Swiss newspaper Le Temps said that files containing details …

UBS and Pictet report data leak after cyber attack on provider, client data unaffected Read More »

By Arasu Kannagi Basil and Ateev Bhandari (Reuters) -Investment firm Bayview Asset Management will buy all shares of Guild Holdings that it does not already own for $1.3 billion in cash, taking the mortgage lender private nearly five years after it was listed. Under the deal announced on Wednesday, Guild shareholders will receive $20 for …

Bayview to buy remaining stake in mortgage lender Guild for $1.3 billion Read More »

By Selena Li HONG KONG (Reuters) -Europe’s biggest bank HSBC appointed Christopher Chua head of mergers and acquisitions on Wednesday, after its former global head left for JPMorgan last month. Chua, who was most recently the bank’s Asia head of M&A, will take up the new role immediately and continue to be based in Hong …

HSBC names Asia veteran Christopher Chua global M&A head Read More »

By Tassilo Hummel and Emma Rumney PARIS/LONDON (Reuters) -Pernod Ricard is streamlining its business by grouping brands into two main divisions, according to internal presentation slides seen by Reuters on Wednesday, as European spirits makers grapple with a downturn in sales. Drinkers in key markets such as China and the United States have reduced spending …

Pernod Ricard launches restructuring plan as spirits sales slide Read More »

By Pritam Biswas and Niket Nishant (Reuters) -Caris Life Sciences’ shares jumped nearly 29% in their Nasdaq debut on Wednesday, fetching the cancer diagnostic firm a valuation of $7.66 billion and signaling a growing investor appetite for new listings in 2025. The shares opened at $27 apiece, compared with their offer price of $21. The …

Sixth Street-backed Caris Life valued at $7.7 billion in strong Nasdaq debut Read More »

ZURICH (Reuters) -Nestle said on Wednesday it would propose vice chairman Pablo Isla to be its next chairman as the Swiss food giant announced that current chair and company veteran Paul Bulcke will stand down in April 2026. Isla, a Spaniard who was CEO of Zara owner Inditex from 2005 to 2011 and chairman and …

Nestle nominates ex-Zara boss Pablo Isla to replace Paul Bulcke as chair Read More »