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CEO Lip-Bu Tan sent a memo informing employees of significant ongoing layoffs and cost-cutting.

“The textbook idea that the S&P 500 gives you a diversified exposure to risk is just simply no longer the case,” Apollo economist Torsten Sløk told Fortune.

His Real American Beer was making a bid for the financially distressed chain.

“It’s quiet … a little too quiet,” writes Mark Haefele, chief investment officer of UBS Global Wealth Management.

FTSE 100 upgrades guidance and announces £750mn share buyback

Jonathan Reynolds rules out targeting assets of the rich to plug growing hole in public finances

Revenue falls 18 per cent in 2023-24 to £12.1bn as the UK’s efforts to increase revenues from the levy backfire

As America disengages, other countries are having to work together to find solutions to global problems

Current and former officials view the US president’s widening assault on the central bank with alarm