SABMiller, the London-listed beer group, has rejected a takeover proposal tabled by its larger rival Anheuser-Busch InBev, which valued the company at �68bn.
Argos has stepped up its advance into e-commerce with the launch of a same-day delivery service in the UK. Deliveries via its Fast Track service will be available in four time slots throughout the day until 10pm, for a flat fee of �3.95.
Sports Direct has swooped on Irish department store Heatons, snapping up a majority stake in the company and putting in place a separate option to buy out the remaining shareholders.
Diageo Plc DGE.L, the world's largest spirits company, said it had sold its stakes in Jamaican brewer Desnoes & Geddes Ltd DG.
SEOUL Samsung Electronics Co Ltd 005930.KS forecast a sharp jump in quarterly profit, trumping expectations and sending its shares surging as favorable currency rates and robust component sales appeared have to offset weakness in smartphones.