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.
Diageo Plc DGE.L, the world's largest spirits company, said it had sold its stakes in Jamaican brewer Desnoes & Geddes Ltd DG.
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.
Pascal Saint-Amans says there has been lobbying in Washington for the US to pull the plug on OECD funding because of its efforts to ensure multinationals pay their fair share of tax.