Shares in GKN have rocketed after the engineering firm revealed that it has rejected a £7 billion takeover bid. Photograph: David Davies/PA Wire

Engineering group GKN, a key supplier to Airbus, rejected as “entirely opportunistic” a £7 billion (€7.8 billion) takeover offer from turnaround speci(...)

An Airbus A320neo. GKN said that write-offs at North American plants, which make parts for Airbus and other aircraft manufacturers, could jump by as much as £130 million. Photograph: Guillaume Horcajuelo/EPA

Engineering group GKN, a key supplier to Airbus, took the unprecedented step of dropping its new chief six weeks before he was even due to start the j(...)

Traders work on the floor of the New York Stock Exchange on Thursday. On the day, the S&P 500 index recovered from its worst two-day fall since August. Photograph: Brendan McDermid/Reuters

European shares enjoyed a recovery on Thursday, snapping their longest losing streak since October 2016 as the cyclical sectors which had driven a mar(...)