Savings programme launched last year has fallen short by several billions of euros at group’s flagship brand
Engine maker Rolls-Royce’s shares fall 6.5% after problems on one of Hong Kong-based carrier’s long-haul jets
US asset manager expands logistics portfolio with 80% stake in Burstone
Canadian asset manager is seeking at least £500mn for 36-storey building
News Corp’s REA says acquisition of UK property listing market leader would be ‘transformational’
Trading software companies fear project will make Brussels a competitor and believe tender is misconceived
Couche-Tard’s approach to the owner of 7-Eleven could kick-start a wave of M&A activity in a country that has tended to avoid it
A five-year-old sector is seeking to overcome reliability challenges to transform deliveries
Succession planning at JPMorgan Chase offers lessons for executives hoping to land the top job
When AI models go into widespread use in applications for consumers and businesses, demand may change
Telegram has failed to distinguish between the demands of autocratic regimes and legitimate democratic requests
Democratic presidential candidate comes out against deal in latest blow to Japanese company’s takeover hopes
UK energy companies were allowed by regulator to recoup rising costs through customer bills
Groups managing more than $13tn cite ‘economic imperative’ of finding ways to reduce superbugs’ spread
Figures from British Retail Consortium and Barclays point to more purchases of summer clothing and barbecues
New unit could be connected to grid by end of year but optimism over further expansion faces political hurdles
Competition regulator welcomes government pledge to include ‘dynamic pricing’ in consultation on ticket sales
Environmentalists aim to stop Rio Tinto’s Jadar project despite Belgrade’s promise of economic boom
There is limited overlap between the businesses and growing risks to the property portal’s UK dominance
Long-term shortage of rare metal antimony, a critical material in the defence supply chain, could pose security risk
As an artificial lake on the Iberian peninsula attracts more businesses, it has become a victim of its own success
Also in today’s newsletter, German far-right party makes history and Brazil’s Supreme Court faces backlash over move to ban X
Bahrain-based investment firm hands more power to executive chair Mohammed Alardhi
Apply for a place in our ninth annual ranking, by November 30
New World Development shares closed down 13%
Plus, H20’s cover up, ESG funds double down on defence, and Hôtel de Gallifet in Aix-en-Provence
The UK’s higher education sector is in crisis — but they can draw solutions from financial institutions
East London landlord needs to refinance £350mn bond amid a difficult backdrop
Declining fossil fuel output and surging demand spark energy shortage despite production from vast Zohr field
M&A titans may be signalling to Kamala Harris to lighten up on antitrust enforcement
Sector’s shares have soared and asset managers in debate on whether investing in it can be seen as sustainable
HIG and CapVest are latest to express interest in auction for the biggest supplier of goods to British pharmacies
Executive wants employers to use technology to increase their top line, not just cut costs
Labour ministers say Britain has become a more attractive destination thanks to political stability
Potential increase of capital gains tax comes on top of changes to non-dom and carried interest regimes