GM to cut spending in preparation for ‘moderate’ economic downturn
Detroit-based automaker reports 40% drop in profit on supply chain bottlenecks and Covid-19 lockdowns in China
UBS: weak numbers leave Swiss favourite unfavoured
Results may have missed estimates but the bank remains a good medium-term investment
THG and SoftBank call off plan for $1.6bn investment in UK group
Share price fall scuppered agreement for Japanese group to buy 19.9% stake in tech platform Ingenuity
Silver Lake-backed Cegid to combine with Grupo Primavera in €6.8bn deal
Merger of groups owned by likes of KKR and Oakley Capital shows investor interest in European software sector
Clothes that deliver on design — and value
A new crop of contemporary brands is filling the growing gap between fast fashion and the ultra-high end
BlackRock reduces support for climate and social resolutions
Proposals that ‘dictate the pace’ of energy transition receive fewer votes from $8.5tn money manager
GE chief Culp blames ‘chaotic’ supply chains for delayed cash goal
Aerospace unit shines, but inflation and supply snags ‘push out’ about $1bn of free cash flow to a later date
English Premier League hires Whitbread chief Brittain as new chair
British businesswoman will play key role in shaping future of world’s biggest domestic football competition
3M to spin off healthcare business
Split comes as maker of Post-it notes faces litigation over military-grade earplugs
Heathrow airport warns it could extend cap on flights
Chief executive says daily limit needed to ease pressure and blames airlines for not hiring ground staff fast enough