LONDON (Reuters) -The family of Thai businessman Vichai Srivaddhanaprabha, who died when his helicopter crashed in 2018, said on Friday it had made a 2.15 billion pound ($2.65 billion) legal claim against Italian defence company Leonardo in a London court. The action, which claims for loss of earnings and other damages, represented the largest fatal …

Thai tycoon’s family claims $2.7 billion from Leonardo over fatal Leicester City crash Read More »

By James Davey and Paul Sandle LONDON (Reuters) -Britain’s big retailers, including Tesco, Sainsbury’s, M&S and Next, say they are stepping up their drive for efficiency through automation and other measures, to limit the impact of rising costs on the prices they charge their customers. As the UK economy struggles to grow, the new Labour …

UK retailers crank up search for savings ahead of April tax hikes Read More »

By Carolyn Cohn and Iain Withers LONDON (Reuters) – Some British pension funds are being told by asset managers to come up with more cash to support their hedging positions after a recent jump in borrowing costs, but pensions advisers told Reuters this week the market was behaving in an orderly way. XPS and Gallagher …

UK gilt selloff triggers pension cash calls in first big test since 2022 crisis Read More »

By Nora Eckert and Kalea Hall DETROIT (Reuters) -Automaker Stellantis achieved its goal of cutting U.S. inventories by more than 100,000 vehicles late last year, its North American chief said on Friday at the Detroit Auto Show. Antonio Filosa, who has led the carmaker’s North American operations since last October, detailed efforts to turn around …

Stellantis reaches goal of cutting US inventory by 100,000 units Read More »