Adam Whittaker

Atos agreed to sell its Worldgrid business to French information technology and engineering consultant Alten in a $294 million deal.

Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.

The auto supplier lowered its 2024 sales guidance after its ContiTech division continued to suffer weak industrial demand in Europe and North America, and cautioned that it didn’t expect a recovery in the fourth quarter.

The auto supplier posted third-quarter adjusted earnings that beat analyst expectations, sending shares higher, but lowered its 2024 sales guidance after its ContiTech division continued to suffer weak industrial demand.

Book, magazine and snack retailer WH Smith plans to boost its presence in the fast-growing North American market with a target of 500 stores by 2028.

The financial services company raised its full-year guidance and said it expected to start buying back shares in January.

The German car maker said Gruner would take over as chief executive of Volkswagen’s America operations on Dec. 12.

UniCredit announced an all-share offer to buy Banco BPM in a deal that values its Italian peer at around $10.5 billion.

UniCredit launched a $10 billion-plus offer to buy Banco BPM, setting its sights on a smaller domestic peer after circling Commerzbank in recent months.

The company plans to cut the jobs across eight of its French sites, becoming the latest European automotive supplier to reduce its headcount as industry woes bite.