The Spanish group’s new plan involves a 50% dividend cut to trim leverage and fund investments. Yet its targets are modest, ...

Associated British Foods may break off its fashion business from its unit that makes tea bags and sugar. A split makes sense, ...

The US coffee giant is selling control of its mainland retail operations to Boyu Capital in a $4 bln deal, even though it ...

The $40 bln dining empire may slice off the slumping cheese and tomato pie chain to focus on KFC and Taco Bell. Its 20,000 franchises are probably worth only about $3 bln, but investing to upgrade ...

The US private capital group is paying $6 bln for half of the Danish group's big UK renewables project. Orsted gets cash to help avert a credit downgrade. But Apollo’s right to 70% of the wind farm's ...

Over 120 countries now have self-imposed fiscal straitjackets, up 7% since Covid. Britain, whose finance minister Rachel ...