GE reported that adjusted profit decreased to 29 US cents a share for the third quarter, falling well short of the 50-cent average of analysts’ estimates. Photograph: Urs Flueeler/EPA

General Electric slashed its profit forecast as earnings fell far short of expectations, underscoring the severity of the challenges facing the compan(...)

Monday’s surprise move comes one day before shareholders at consumer products company Procter & Gamble will decide whether to elect Trian chief executive Nelson Peltz to its board. Photograph: David W Cerny/Reuters

US industrial conglomerate General Electric, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructurin(...)

Kerry’s shares  reached an all-time high of €84.57 on Friday, before pulling back on Monday as investors eyed the company’s first presentation to analysts on Wednesday under new chief executive Edmond Scanlon. Photograph: Dara MacDonaill

European shares advanced on Monday, with Germany’s Dax index reaching an all-time high and Spain’s Ibex buoyed as concerns over Catalonia eased follow(...)

Billionaire activist investor Nelson Peltz is seeking a board seat at Procter & Gamble, the company behind Gillette, Ariel and Fairy Liquid.  Photograph:  Justin Sullivan/Getty Images

Billionaire investor Nelson Peltz disclosed on Monday that he was seeking a board seat at Procter & Gamble, setting up one of the biggest showdown(...)

John Flannery’s appointment is the result of succession planning, the company said.

General Electric has named healthcare head John Flannery its new chairman and chief executive, ending Jeffrey Immelt’s 16-year tenure, which included (...)

Du Pont chairwoman Ellen Kullman has defended the company’s conglomerate structure.

Activist investor Trian Fund Management made an opening bid to gain four board seats at DuPont, setting the stage for a potential break up of the top (...)

The logo of Cadbury chocolate sits on display at the Bournville Cadbury factory, operated by Mondelez International in Birmingham. Photographer: Simon Dawson/Bloomberg

Mondelez International, the owner of Cadbury and the maker of snacks such as Oreo cookies and Ritz crackers, topped third-quarter profit estimates an(...)