By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) on Wednesday opened the door to a spin-off of its prized infrastructure assets, saying its newly appointed chief executive would explore options to create value for shareholders. Italy’s embattle…
Siemens Energy weighs options for Siemens Gamesa integration -sources
By Christoph Steitz FRANKFURT (Reuters) – Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the cur…
UBS steps up U.S. push with $1.4 billion Wealthfront purchase
By Michael Shields ZURICH (Reuters) – Swiss bank UBS has agreed to buy U.S.-focused automated wealth management provider Wealthfront, which has more than $27 billion in assets under management, in an all-cash deal the two companies said was worth $1.4 …
Soitec posts Q3 revenue jump, reassures on succession plan
(Reuters) – French semiconductor company Soitec said on Wednesday it was determined to “ensure a successful implementation of its succession plan” as it posted a 40% jump in third-quarter revenue. The company appointed a new CEO last week, a decision d…
How Western sanctions will target Russia
(Corrects paragraph 24 to reflect sanctions on elites will begin on Tuesday, not Wednesday, after White House issued corrected transcript) By Karin Strohecker (Reuters) -The United States and its allies are coordinating new sanctions on Russia after Mo…
Sterling steadies after improved market mood aids rebound
LONDON (Reuters) -Sterling steadied on Wednesday after recovering from the three-week low hit the previous session, as some calm in stocks led traders to buy back into hard-hit currencies. Renewed political uncertainty around Prime Minister Boris Johns…
Russia says “destructive” sanctions wouldn’t hurt Putin personally
By Dmitry Antonov and John Irish MOSCOW/PARIS (Reuters) – Russia warned on Wednesday that imposing sanctions on President Vladimir Putin personally would not hurt him but would be “politically destructive”, after U.S. President Joe Biden said he would …
Wanted: Volunteers to catch COVID in the name of science
(Reuters) – The world’s first medical trial authorised to deliberately expose participants to the coronavirus is seeking more volunteers as it steps up efforts to help develop better vaccines. The Oxford University trial was launched last April, three …
Lighter robots and hi-tech routing – Ocado innovates to deliver growth
By James Davey LONDON (Reuters) – From lightweight robots to hi-tech van routing systems, British online supermarket Ocado unveiled a suite of innovations on Wednesday it predicted would raise its returns and win new customers for its technology. Ocado…
Airbus unit says global helicopter market is recovering
PARIS (Reuters) -The global helicopter market is staging a mixed recovery but will take two to three years to recapture pre-crisis levels, the head of the helicopters division of planemaker Airbus said on Wednesday. “We have had a first sight of recove…