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Britain’s tax take risks blowing green energy off target
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UK gives BBC World Service 20 million pounds to support English language broadcasting
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Tesco to charge online, Booker suppliers new fulfilment charge
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Bristol Myers, Pfizer, AbbVie drugs likely to face U.S. price negotiation
Porsche CEO: There is no conflict between e-mobility and e-fuels
Date: March 13, 2023
WOLFSBURG (Reuters) – Porsche CEO Oliver Blume characterised the debate over e-fuels as “emotional” and said there was no conflict between electrification and building out e-fuel production during a press call on Monday following the carmaker’s results. Porsche is the strongest advocate for e-fuels as a carbon-free way of driving combustion engine cars among all...
Britain toughens up diversity targets for UK companies
Date: March 13, 2023
By Huw Jones LONDON (Reuters) – Britain’s top listed and private companies on Monday were called on to meet broader voluntary targets for appointing ethnically diverse board members and senior staff by 2027. The Parker Review Committee was set up by government in 2015 and recommended ethnic diversity targets for the boards of Britain’s top...
The pound, gilts and stocks: likely winners and losers from UK budget
Date: March 13, 2023
By Lucy Raitano, Samuel Indyk and Joice Alves LONDON (Reuters) – Britain’s City and business lobby are clamouring for sweeteners in Wednesday’s spring budget to replace generous investment relief that is expiring just as corporation tax is due to rise. Former Prime Minister Liz Truss sealed the short-lived status of her premiership back in September...
HSBC acquires British arm of stricken Silicon Valley Bank
Date: March 13, 2023
By Iain Withers LONDON (Reuters) -HSBC said on Monday it is acquiring the UK subsidiary of stricken Silicon Valley Bank for 1 pound, rescuing a key lender for technology start-ups in Britain. “This acquisition makes excellent strategic sense for our business in the UK,” HSBC CEO Noel Quinn said in a statement. The move comes...
Novartis launches new $11 billion share buyback
Date: March 13, 2023
ZURICH (Reuters) -Novartis has formally launched its new share buyback programme where it could spend up to 10 billion Swiss francs ($10.90 billion) repurchasing its shares over the next three years. The Swiss company said it will buy a maximum of 10% of its own stock over the period from its last Annual General Meeting,...
Mobile games developer Huuuge says has $24.2 million at SVB
Date: March 13, 2023
(Reuters) – Mobile games developer Huuuge Inc said late on Saturday about 10% of its cash and securities were held at the collapsed Silicon Valley Bank (SVB), adding it has sufficient resources to meet cash requirements for the foreseeable future. U.S.-registered Huuuge said it had about $237 million of cash and securities as of March...