Foxtons, which is opening seven branches this year, said it would open fewer next year if the downturn persists. Photograph: Alicia Canter for the Guardian.
SABMiller's board has backed a revised �79bn takeover bid by Anheuser-Busch InBev, paving the way for the world's biggest brewer to extend its global reach and seal the third-biggest corporate takeover in history.
MILAN/SIENA The European Central Bank has approved a privately funded rescue of Italy's third-largest lender, Monte dei Paschi di Siena (BMPS.
The expected cut will the be the first change in seven years by the Bank of England. Photograph: Bloomberg/Getty Images. Jill Treanor, Patrick Collinson and Katie Allen.
But the week is not yet over. At 10pm tonight, the European Banking Authority will release the results of its annual health check on the state of the Continent's leading lenders.