Theresa May has signalled a government climbdown over fixed-odds betting terminals, telling the House of Commons she had listened to colleagues’ concerns over the issue — which prompted the resignation of the sports minister two weeks ago.

Tencent cruised past Wall Street’s earnings expectations on Wednesday as solid advertising demand helped limit the impact that Beijing’s continuing ban on new internet games has had on its all-important gaming business.

Jeremy Corbyn attacked the government’s “failure” to bring back an acceptable deal from Brussels as his opposition Labour party gears up to vote against the agreement in the coming weeks.

Deutsche Bank has stepped up its medium term cost-cutting plans, chief financial officer James von Moltke said on Wednesday, adding that the previous 2021 target of bringing expenses down to €21bn was not ambitious enough.

Italy’s government debt sold off sharply on Wednesday with the benchmark 10-year yield rising to a three-week high after the country’s government told the European Commission that it would forge ahead with its fiscally aggressive budget.

Minicab company Addison Lee has lost its appeal against a workers’ rights ruling, the latest in a series of significant “gig economy” cases.

And we’re back.

Growth momentum in Europe is fading, with a broad measure of eurozone industrial production flagging in September.

The Financial Times headquarters is to be sold to M&G Real Estate for £115m, a price 28 per cent above the asking price set when Pearson, the former owner of the newspaper, put the building up for sale.

The German financial sector is ill prepared to weather a recession, as the long era of economic growth may have inflated asset prices and lured lenders into underestimating future credit risks, Bundesbank has warned in its Financial Stability Review.

UK inflation unexpectedly remained steady in October as slowdowns in food, clothing and transport price increases were offset by rises in utility bills and the cost of fuel.

The International Energy Agency said on Wednesday Opec is pumping far more crude oil than the market needs for next year, a month after calling on producers to ramp up output to help tame prices that have since collapsed.

Jerry Buhlmann is stepping down as chief executive of Dentsu Aegis Network, the world’s fifth largest advertising company, after nine years in charge.

British Land half-year resultsBritish Land may pay more attention to today’s draft Brexit agreement than the Little Englanders in Theresa May’s cabinet. As owner of the City of London’s Broadgate office development and the Meadowhall shopping centre in Sheffield, the property group arguably has more invested than any of them in the future of financial services — and of consumers’ finances.

UK engineering conglomerate Smiths Group said on Wednesday it planned to separate out its medical devices division to allow it to focus on its core industrial technology businesses.

Energy provider SSE has admitted there is some doubt as to whether a planned merger of its retail arm with rival Npower will now go ahead after the companies decided to return to the negotiating table last week over the terms of the deal.

The rented housing group Grainger is to buy out the Dutch pension fund APG from a joint venture in a £396m expansion of its property portfolio.

Samsung BioLogics, the biopharmaceutical unit of Samsung Group, violated accounting rules in 2015 by inflating the value of an affiliate group, South Korea’s financial watchdog said on Wednesday.

Royal Bank of Scotland has appointed Alison Rose as deputy head of the ringfenced bank that accounts for the vast majority of its business, signalling her position as the leading internal candidate to succeed group chief executive Ross McEwan.

The landmark deal between German utilities Eon and RWE remains on track for completion next year, RWE said on Tuesday, as both groups reported quarterly results that were broadly in line with market expectations and reaffirmed their full year targets.

German payments company Wirecard has upped its profit guidance for the third time this year on the back of an “extremely successful” third quarter.

British Land swung to a net loss of £42m in the first half as difficulties on the UK high street cut into the value of its properties.

Workspace, the office space developer, said a slowdown in the property market had hit pre-tax profits in the first half of the year.

Struggling UK-based regional airline Flybe has announced it is putting itself up for sale as it delivered another disappointing set of results.