Reuters UK Business

By Ludwig Burger (Reuters) -German biotech firm BioNTech has agreed to acquire domestic peer CureVac for about $1.25 billion worth of BioNTech shares, it said on Thursday, to boost its work on new mRNA-based cancer treatments. Under the deal, which pairs two former rivals in the race to develop COVID-19 vaccines, CureVac shareholders stand to …

BioNTech takes over CureVac in $1.25 billion all-stock deal among COVID rivals Read More »

(Reuters) -Novo Nordisk said on Thursday it plans to start late-stage trials of its experimental weight-loss drug, amycretin, in injection and oral forms during the first quarter of 2026 for adults who are overweight or obese. The decision to advance the trials is based on feedback received from regulatory authorities in interactions following the end …

Novo Nordisk plans to start late-stage trials of obesity drug amycretin next year Read More »

By Yamini Kalia and Prerna Bedi (Reuters) -Activist investor Palliser Capital has built a 5% stake in WH Smith, a source familiar with the matter told Reuters on Thursday, sending shares of the British travel retailer up over 5%. Palliser intends to review WH Smith’s leverage targets and capital allocation policy to bolster shareholders’ return, …

Activist investor Palliser builds stake in UK’s WH Smith Read More »

By Julia Payne and John Irish BRUSSELS/PARIS (Reuters) -Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. G7 country leaders are due to meet …

Most G7 members ready to lower Russian oil price cap without US Read More »

(Reuters) -BlackRock CEO Larry Fink said on Thursday he was not planning to leave the asset manager anytime soon. Fink said BlackRock had a strong leadership team, despite some of the firm’s senior leaders moving on in recent years. A recent wave of senior executive departures has reignited speculation about Fink’s eventual successor. Fink said …

BlackRock CEO Larry Fink not leaving anytime soon Read More »

By Purvi Agarwal and Pranav Kashyap (Reuters) -European equities logged their fourth consecutive decline on Thursday as trade optimism dimmed, while mounting geopolitical tensions prompted a pullback from risk assets. The pan-European STOXX 600 closed 0.3% lower, after touching its lowest levels in over a week during the session. This extended selloff marks its longest …

European shares drop as trade optimism wanes, geopolitical tensions rise Read More »

(Reuters) -London’s FTSE 100 recorded its highest-ever close on Thursday, outshining European peers on a boost from energy shares and some earnings-driven moves, though concerns about simmering geopolitical developments kept gains in check. The benchmark FTSE 100 ended 0.2% higher at 8884.92 points, while the midcap index dipped 0.2%. Heavyweight energy shares were among the …

UK’s FTSE 100 hits record closing high on energy boost Read More »