City analysts say the OBR must rip up its pre-Brexit vote forecasts after projections show GDP growth and tax receipts slowing. Photograph: Justin Tallis/AFP/Getty Images.
British American Tobacco has offered to buy out US cigarette maker Reynolds American in a $US47 billion ($62 billion) takeover that would create the world's biggest listed tobacco company, with brands including Camel, Newport, Lucky Strike and Pall Mall.
A financial blog sent the rumour mill into overdrive and Burberry shares soaring when it speculated that the luxury retailer was in talks to merge with US brand Coach.
ONLINE gambling companies are to be investigated over claims that firms are making it hard for players to collect their winnings, a watchdog has said.
InterContinental Hotels Group has insisted it remains “confident” in its growth prospects for the rest of the year, despite reporting lower-than-expected revenues in the third quarter.