Move ends weeks of speculation over the lossmaking German company, which employs 17,000 people, following the July departure of its chief executive

Wall Street banks make contingency plans for eurozone's impending banking union that threatens to isolate Britain and for possible UK exit from the EU

Milanese investor, who has a record of investing in powerful and respected brands, believes other bidders undervalued the company's potential

Before leaving Asos in 2013, Jon Kamaluddin masterminded the clothing retailer's expansion into Russia, China, Australia and the US

Featuring cybersecurity, China probe, Serco, Kinder Morgan and RBS

Emotional attachment draws executive back to chemicals group where he faces tough challenge to revive its fortunes with restructuring plan

Acquisition would be latest in a wave of consolidation among drugmakers, but Japanese company denies it is in any talks with the Swiss group

Record payouts by continental groups owe more to improved corporate performances than US dollar weakness, with biggest increase from French companies

Streamlining of portfolio of companies and fundraising serves to boost the value ahead of market debut

Not only is the XC90 the first vehicle since Geely acquired the carmaker, it also follows $11bn of investment in new components and factories