By Paul Sandle LONDON (Reuters) – Nick Read will step down as Vodafone chief executive by the end of the year, ending a four-year tenure during which the British telecom group’s share price has nearly halved. Once one of the biggest mobile operators in the world, Vodafone has been selling assets to focus on Europe …
Vodafone CEO to leave after frustrating four years for shareholders Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators on Monday proposed measures for U.S. life sciences company Illumina to unwind its acquisition of biotech firm Grail, three months after blocking the deal on concerns that it would hurt competition. Illumina completed the takeover of Grail in August 2021, without securing European Union regulatory approval. …
EU charge sheet tells Illumina to swiftly unwind Grail deal Read More »
By Sam Tobin (Reuters) – A campaign group on Monday lost a legal challenge to Britain’s post-Brexit trade arrangements with Morocco over goods from the disputed territory of Western Sahara. The Western Sahara Campaign UK (WSCUK) took legal action over regulations made by Britain’s finance ministry following the October 2019 “association agreement”, which was designed …
UK group loses legal challenge over Morocco trade agreement Read More »
PARIS (Reuters) – Temperatures hovering near zero in coming days will test the resilience of France’s power network, even as President Emmanuel Macron urged the French not to panic amid warnings of possible blackouts. French utility EDF saw its electricity output drop to a 30-year low earlier in 2022 due to a record number of …
By Elvira Pollina, Supantha Mukherjee and Mathieu Rosemain MILAN/STOCKHOLM/PARIS (Reuters) – Europe’s top telecoms operators and an emergency services lobby on Monday urged Brussels to shield mobile and fixed grids from power cuts, a letter reviewed by Reuters showed, as worries grow about a loss of telecom networks during widespread blackouts. Europe is facing potential …
Emergency call services, telcos urge EU to protect telecoms networks from power cuts Read More »
MILAN (Reuters) – Italy’s top insurer Assicurazioni Generali said on Monday it had repurchased 500 million euros ($528 million) worth of its shares, completing a share buyback programme launched in August. The insurer’s buyback programme, its first in 15 years, was aimed at making use of the excess liquidity accumulated between 2019 and 2021, which …
Generali completes share buyback of 500 million euros Read More »
BERLIN (Reuters) – Volkswagen and FAW’s (SASACJ.UL) plant in Chengdu, China has resumed production after a brief halt and two lines which were suspended at the carmaker’s Chengchun plant are also running again, a spokesperson said on Monday. Production at the Chengdu plant, which makes the Jetta brand and VW New Sagitar, was stopped on …
MOSCOW (Reuters) -Russian electric scooter company Whoosh is moving towards a possible $400 million valuation in its upcoming initial public offering (IPO), the first Russian market debut since Moscow sent troops into Ukraine in February. The company said on Monday it expects up to 5 billion roubles ($80.4 million) of shares could be sold in …
Russia’s Whoosh eyes $400 million valuation in upcoming IPO Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Union will attempt to clinch a deal on Monday evening on a law to prevent companies from selling into the EU market soy, beef, coffee and other commodities linked to deforestation around the world. Negotiators from EU countries and the European Parliament hope to finish the new …
EU seeks deal on law preventing import of deforestation-linked goods Read More »
LONDON (Reuters) – The Netherlands’ Gate terminal said on Monday that operational difficulties were curtailing its gas supply to the local grid. “As a result, the maximum terminal send-out is reduced by 990 MWh/h until further notice,” it added in a statement. The reduction equates to just over 2 million cubic metres (mcm) per day, …
Netherlands’ Gate LNG terminal says gas send-out services partially curtailed Read More »
