A model walks on an in-house catwalk at the Asos HQ, in London. Photograph: Suzanne Plunkett/Reuters. Shares in Asos have tumbled by 14%, as the online fashion retailer and former stockmarket high flyer warned that profits growth will stall next year.
Companies that make commitments in a bid to win takeover tussles will be forced to stick to them under new rules being trailed by the Takeover Panel.
The Organisation for Economic Co-operation and Development has scaled back its economic growth forecasts with a warning that bullish financial markets are failing to price in mounting global risks.
Tencent's second-quarter profit jumped 59 percent from a year earlier as it offered more games and shopping to the billion users of its WeChat and QQ messaging applications, according to an exchange filing last month.
Airbus Group is to sell a series of business units as the European company's defence and space division concentrates on military aircraft, missiles, satellites and their launch vehicles in the face of tightening budgets in home markets and targets foreign sales.