Reuters UK Business

By Foo Yun Chee BRUSSELS (Reuters) -Mars’ $36 billion bid for Pringles maker Kellanova is set to face a full-scale EU antitrust investigation, people close to the matter said on Wednesday, which could require the candy giant to divest assets to address competition concerns. The European Commission, which acts as the antitrust watchdog in the …

Exclusive-Mars’ $36 billion Kellanova deal faces EU antitrust investigation, sources say Read More »

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp’s deputy chairman and labour leader Juergen Kerner will vote against extending the contract of CEO Miguel Lopez at a board meeting on Friday, saying he had not delivered a promised turnaround of the steel division. Kerner’s position is a major escalation in the conflict between management …

Exclusive-Thyssenkrupp deputy chairman to oppose new CEO contract over ‘fundamental mistrust’ Read More »

(Reuters) -Australia’s Macquarie Group said on Wednesday that its asset management arm has acquired stakes in Bristol, Birmingham and London City airports from Ontario Teachers’ Pension Plan for an undisclosed amount. The investment bank is buying a 55% stake in Bristol Airport, a 26.5% stake in Birmingham Airport and a 25% interest in the London …

Australia’s Macquarie picks up stakes in UK airports Read More »

By Doyinsola Oladipo and Joanna Plucinska NEW YORK/LONDON (Reuters) -Transatlantic airfares have dropped to rates last seen before the pandemic, data shows, the latest sign that fewer Europeans are traveling to the U.S. due to concerns about U.S. border controls and President Donald Trump’s policies. The trend could extend into and beyond the summer holiday …

Transatlantic airfares slump as Western Europeans skip US travel over Trump Read More »

By Purvi Agarwal, Sanchayaita Roy and Ragini Mathur (Reuters) -European shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the Middle East adding to market uncertainty. The pan-European STOXX 600 index closed 0.4% down, at a near one-month low. The hostilities between Iran and Israel extended to …

European shares fall as Middle East tensions weigh; eyes on Fed decision Read More »

(Reuters) -Britain’s FTSE 100 rose on Wednesday as investors weighed the last domestic inflation reading ahead of key central bank meetings in the U.S. and the UK, though Middle East tensions tempered market optimism. The blue-chip FTSE 100 index ended 0.1% higher, as heavyweight banks recouped lost ground to rise 1.1%. British inflation slowed in …

UK stocks end slightly higher after inflation data; focus on Fed, BoE meetings Read More »