Trouble at Steinhoff, the international retail conglomerate ensnared in South Africa’s biggest-ever accounting scandal, deepened after its largest shareholder sued to claw back $4.7bn from the company.
Order up at Chipotle. The fast-casual burrito chain is cruising towards its best-ever one-day gain after its first earnings report under new chief executive Brian Niccol unleashed a wave of optimism about its prospects of finally turning a corner from the food-safety crisis that has dogged it.
Ruth Davidson, leader of the Scottish Conservatives, has announced she is expecting her first child but will continue to lead the party she is credited with bringing back from the political wilderness.
Investors at Weir, the Scottish engineering company, have voted overwhelmingly in favour of ditching a controversial kind of executive reward scheme, marking a milestone on the path towards reform of boardroom pay.
British businessman Sanjeev Gupta is to add a second bank to his growing commercial empire, with the aim of boosting UK trade with Commonwealth countries following Britain’s departure from the European Union.
European Central Bank president Mario Draghi on Thursday struck a confident tone on the eurozone economy, but said policymakers are “cautious” about the choppy data covering the first four months of 2018.
US natural gas producer EQT will sell its midstream assets to EQT Midstream Partners in a cash and stock deal for roughly $1.5bn, months after the company announced it would seek out a number of transactions to bolster its valuation.