Kingspan has walked away from a deal to buy a UK manufacturer of construction products after being unable to renegotiate the terms amid the Covid-19 economic crisis. Photograph: Cyril Byrne

Insulation giant Kingspan has walked away from a deal agreed last October to buy a UK manufacturer and distributor of construction products for £37.5 (...)

Wall Street’s main indices rose on Wednesday on hopes of a pick-up in business activity as states eased coronavirus-induced curbs.

European shares ended slightly lower on Wednesday as a chilling GDP forecast undercut optimism about a swift economic recovery, even as several countr(...)

The planned merger of Paddy Power-owner Flutter Entertainment and Stars Group is nearing the finish line. Photograph: Michael Stephens/PA Wire

The merger of Paddy Power-owner Flutter Entertainment with the Stars Group is nearing the finish line or, at the very least, closing on the final few (...)

Global stocks rallied on Friday on hopes of a potential drug to treat Covid-19. Photograph: Olivier Douliery/AFP via Getty Images

Global stocks rallied on Friday on US president Donald Trump’s plans to revive the coronavirus-hit US economy, and hopes of a potential drug to treat (...)

Flutter described approval by the UK mergers regulator as a ‘significant milestone’ in the deal’s progress. File photograph: PA

Regulators in the Republic have yet to clear Paddy Power owner Flutter Entertainment’s €12 billion merger with The Stars Group while the UK’s competit(...)

 In 2015 Volkswagen finally came clean and admitted it had sold 11m cars worldwide fitted with a secret ‘defeat device’. Photograph: Ronny Hartmann/AFP via Getty Images

A new Dutch foundation is planning to take German car giant Volkswagen Group to court over the so-called ‘Emissionsgate’ scandal following a change to(...)

London Stock Exchange: Britain claims market infrastructure staff are “key workers” for the economy during the epidemic. Photograph: Peter Nicholls

Short-sellers cannot be blamed for the rout in stocks and markets should be kept open during the coronavirus epidemic, regulators in Europe said on Mo(...)

Flutter Entertainment, which owns Paddy Power,  is scheduled to announce its financial results for 2019 on February 27th. Photograph: Michael Stephens/PA Wire

US gambling group Boyd Gaming says a deal with Paddy Power owner Flutter Entertainment is helping to lure new customers to its casinos. The news come(...)

Burberry fell as much as 4.7% after it said the coronavirus outbreak was hurting luxury demand in key markets in the Chinese mainland and Hong Kong. Photograph: Simon Dawson/Bloomberg

Global equity markets and government debt yields slumped on Friday as growing concerns about the impact of the coronavirus on global growth overshadow(...)

The UK’s Competition and Markets Authority, which regulates mergers and acquisitions, said that it intended investigating the Kingspan transaction.

Competition watchdogs are scrutinising a deal recently announced by Irish insulation maker Kingspan in Britain. The Cavan-based insulation and buildi(...)

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