Reuters UK Business

FRANKFURT (Reuters) -Deutsche Bank needs to ensure that a bigger share of its profits comes from stable business areas, rather than the volatile investment bank, a top shareholder said on Wednesday. Andreas Thomae of Deka Investment said Germany’s largest lender should lift profits from its asset management, retail and corporate client divisions. “It is still …

Deutsche Bank must rely more on stable businesses for profits, investor Deka says Read More »

BRUSSELS (Reuters) -The European Union is set to propose a 2 euro ($2.27) handling fee for low-value e-commerce packages coming into the bloc, as it struggles to deal with the billions of goods sold by online platforms such as Shein and Temu to European consumers. EU customs authorities handled some 4.6 billion low-value packages bought …

EU plans 2 euro fee for low-value parcels in setback for Shein, Temu Read More »

ZURICH (Reuters) -Swatch Group shareholders on Wednesday rejected a bid by an American investor to secure a place on the company’s board, as the family that has long dominated the watchmaker closed ranks to keep him out. Steven Wood, founder of U.S. firm GreenWood Investors, is pressing Swatch to focus more on its luxury brands …

Swatch shareholders reject bid by US investor to join board Read More »

FRANKFURT (Reuters) -Investors called upon Porsche CEO Oliver Blume, who also heads parent company Volkswagen, to drop one of his roles on Wednesday as weakness in China and tariff-related challenges in the United States have forced the sportscar maker to cut its outlook. Last month, Porsche said its margins had plunged in the first quarter …

Frustrated Porsche investors call for CEO Blume to drop dual Porsche-VW role Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Daniel Loeb is transforming his London-listed investment company into an insurance holding company following years of criticism about its valuation discount to his New York-based hedge fund Third Point. Third Point Investors Limited (TPIL), which listed on the London Stock Exchange in 2007, said on Wednesday that …

Loeb’s Third Point Investors to become holding company with acquisition Read More »

(Reuters) -Epic Games’ wildly popular multiplayer shooter game “Fortnite” is available again on Apple’s App Store in the U.S. from Tuesday, capping a ban of nearly five years and marking a major win for the video game company.  Epic Games, a U.S.-based studio backed by China’s Tencent, has been locked in a legal battle with …

Epic Games’ Fortnite returns to Apple App Store in US after nearly 5 years Read More »