Food and drinks giants flag price pressure on low-income consumers
McDonald’s and Coca-Cola among companies highlighting impact of persistent inflation
BBVA approaches Sabadell to create €70bn Spanish banking giant
Tie-up between two lenders would near valuation of Santander
Archer Daniels Midland profits beat expectations
Higher processing volumes help global agricultural commodities merchant offset lower pricing
Adidas delaying launches of premium trainers to maintain exclusivity
Chief executive says market could ‘overheat’ and suggests rival Nike overpaid in its German football sponsorship deal
Eli Lilly lifts guidance on strong sales of diabetes and weight loss drugs
Shares of world’s most valuable pharmaceuticals group reapproach record highs
Satellite group SES to acquire Intelsat in $3.1bn deal
Merger marks last major consolidation in industry as operators look to compete with Elon Musk’s Starlink
SocGen Hong Kong traders exit after unauthorised risky bets uncovered
Two traders left French bank after it detected unauthorised options booked last year
Can private equity accelerate the green transition?
The funds are playing a growing role in the transformation as they chase a growing market
Premier Inn owner to cut 1,500 jobs as it scales back restaurants
Whitbread planning to sell lossmaking eateries and convert some into hotel rooms
L’Occitane’s take-private squeezes shareholders for a change of scene
A Hong Kong listing has turned out to be a drag for foreign companies