S&P and Moody’s cut ratings by five notches as utility struggles to refinance
Wanblad defends plan to slim down London-listed company after failed BHP takeover attempt
Alexander Gorbachev had claimed he was entitled to a stake in PhosAgro
Financial Reporting Council says outside investment into the sector would bring risks
Company backed by investors including Clayton, Dubilier & Rice and Hellman & Friedman prepares €4.4bn dividend
Move from Swedish prosecutors comes as the battery start-up struggles to raise fresh capital
Software company famous for its work with intelligence agencies rides the AI boom to the S&P 500
Canadian entrepreneur has built a single shop into a 16,700-site global convenience store empire
A £6.1bn bid for the UK’s property listings group by Rupert Murdoch’s REA shows that publishing has changed
The impossibly well-dressed designer brings his iconic look to select Zara stores
The flat-pack furniture giant Ikea has successfully ridden the shocks of Covid and Ukraine
GeoStabilization employees sharing $75mn of proceeds from sale of company by KKR is part of a growing trend
Remit letter sent around Budget will give ‘rocket’ to regulator
The Dubai-owned Ruby, sailing from Russia to Malta, was told to steer clear of Norwegian and Lithuanian ports
US lender looks to win back business from asset managers that have targeted traditional banks’ most lucrative clients
UK utility’s hopes of avoiding renationalisation are disappearing fast
Exchanges group is faltering as its outlook clouds
UK betting regulator says it is taking Paris-based Sorare to court next week in rare use of its powers
Campaigners accuse UK financial regulator of hypocrisy after internal ruling cleared him of wrongdoing
Oil price falls as kingdom prepares to raise output from December
German lender lays out standalone case as it lifts growth and profit targets
Swedish fast-fashion chain’s struggle to boost margins a blow to new chief Daniel Ervér
Investors still clearly want to see how sustainable the flow of cash into their pocketbooks really is
French company cuts financial outlook following weaker sales of ‘Star Wars Outlaws’
AES chief expresses concern over Republican candidate’s promise to expand tariffs and roll back green subsidies
The reduced effectiveness of antibiotics risks severe disruption to the global economy
Global airlines look to new fuels and radical designs to offset rising carbon emissions
Also in today’s newsletter, China promises more stimulus, and Saudi Arabia rethinks oil price target
Maker of Peugeot, Fiat and Jeep cars tries to find substitute for man who built the group
Group reports $2.5bn loss amid Chinese territory’s real estate slump
UK government selects four companies to proceed to next stage of negotiations
Despite last week’s interest rate cut, new home sales have only fallen further
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times
World’s largest chemicals group to cut capital expenditure and plans partial listing of agricultural unit
Chief technology officer Mira Murati to step down in leadership shake-up
Manager has cancelled plans to convert investment-grade credit fund and will opt for a corporate bond fund instead