Reuters UK Business

By Tristan Veyet (Reuters) -German healthcare group Fresenius beat analysts’ operating profit expectations on Wednesday, driven by a strong performance at its drug making division Kabi in the first quarter of 2025. The company’s earnings before interest and taxes (EBIT) excluding special items rose to 654 million euros ($742 million) in the quarter, compared to …

Fresenius posts profit beat in first quarter, confirms outlook Read More »

By Savyata Mishra and Abigail Summerville (Reuters) -Skechers has agreed to be taken private by 3G Capital for $9.42 billion in the footwear industry’s biggest buyout to date, exiting public markets after 26 years as the popular shoe brand grapples with the impact of steep U.S. tariffs. Investment firm 3G Capital has offered $63 per …

Skechers to go private for $9.42 billion in biggest sneaker industry deal Read More »

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The U.S. and Britain have made good progress in negotiating a trade deal that would likely include lower tariff quotas on steel and autos, a UK official said on Tuesday, but the timing of a deal remains in doubt amid conflicting signals from U.S. Treasury Secretary Scott …

US, UK make headway on trade pact, British official says Read More »

MADRID (Reuters) -The public consultation launched by the Spanish government over the proposed acquisition of Banco Sabadell by its larger rival BBVA is expected to last seven business days, Economy Minister Carlos Cuerpo said on Tuesday. The government opposes the hostile takeover bid, currently worth over 13 billion euros ($14.75 billion) and rejected by Sabadell, …

Spain’s public consultation over BBVA-Sabadell deal to last until May 16 Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Abu Dhabi state oil giant ADNOC is set to secure unconditional EU antitrust approval for its 14.7 billion euro ($16.6 billion) takeover of German chemicals company Covestro, two people with direct knowledge of the matter said. The deal, ADNOC’s biggest ever, underscores Middle East countries’ plans to diversify their …

Exclusive-ADNOC set to gain unconditional EU antitrust nod for Covestro deal, sources say Read More »

LONDON (Reuters) -Cyberattacks on Britain’s Marks & Spencer and Co-op Group started with hackers impersonating employees while contacting the retailers’ IT help desks, technology specialist site BleepingComputer reported. The site said the hackers were able to convince the help desks to reset the impersonated employees’ passwords so they could gain access to the network. It …

M&S, Co-op cyberattackers duped IT help desks into resetting passwords, says report Read More »